Bhubaneswar: The Economic Offences Wing, arrested Ex-BM of Central Bank of India Swayam Prakash Parida from Cuttack in a loan fraud case to a tune of Rs 1.09 crores.
A case has been registered on the written allegation of Ajaya Kumar Khunti, Branch Manager (BM), of Palaspalli branch, Bhubaneswar that during the year 2015-17, Maitreya Mishra and others managed to open several bank accounts fraudulently in the name of M/s Shree Bharat Motors, M/s City motors, M/s Aditya Motors, M/s Utkal Automobiles and M/s Rajpath KTM, Bhubaneswar in various banks like Syndicate Bank, Odisha Gramaya Bank, Axis Bank, UCO Bank and Central Bank of India using fake and forged documents. They got the sanctioned amounts credited to the accounts with different banks and misappropriated the same.
In 2015-17 the accused Swayam was working as a Bank Manager of Central Bank of India, Pallaspalli branch. During his incumbency, he sanctioned 24 vehicle loans and one CC loan with amount varying from Rs 2 lakhs to 9.75 lakhs under Cent vehicle schemes in the name of different persons based on the forged KYC and loan documents.
He along with Maitreya Mishra sanctioned the loans in the name of different persons including the fake ones and divereted the amount to the different accounts opened by Mishra in the name of reputed vehicle dealers of Bhubaneswar by using fake KYC and ROC documents. Later the loan amounts were misappropriated by both Maitreya and Swayam and others.
Later it was found that an amount of Rs 1.09 cr have been sanctioned and disbursed illegally and the amount was misappropriated by the duo Maitreya and Swayam. The loan was sanctioned for the purchase of the vehicles, but fake insurance certificate, cover notesm payment receipts were submitted without purchase of any vehicle. As a result the bank suffered heavy loss as they could not recover the said amount.
The arrested accused Swayam was absconding since long and was dismissed from service.
Today, the accused is going to be produced before SDJM court in Bhubaneswar.
