Delhi-based chartered accountant detained over Rs 6.18 crore bank loan fraud case in Odisha
Odisha’s Economic Offenses Wing (EOW) has arrested a New Delhi-based chartered accountant for his alleged link in the fraudulent remittance of Rs. 6.18 crore loan from a nationalized Bhubaneswar-based bank five years ago year.
The accused identified as Neeraj Kumar, a resident of Bindapur, Uttam Nagar, New Delhi was arrested and brought before the New Delhi Metropolitan Chief Magistrate’s Court. Kumar was remanded in custody in Bhubaneswar on Monday and will appear before the Judicial Magistrate’s Court of Bhubaneswar Subdivision, EOW said in a statement.
The statement citing case records said: “Paresh Kumar Das, Circle Head, Punjab National Bank, Bhubaneswar filed a complaint against the accused Kali Prasad Mishra, owner of M/s KP Solutions and others on the ‘Allegation that the accused used Cash Credit (CC) loan for working capital amounting to Rs 250 lakhs on 24.10.2017 from Punjab National Bank, Bapuji Nagar Branch, Bhubaneswar using false and falsified documents and mortgaging land holdings as collateral, registered in someone else’s name without the knowledge of the land owners”.
Kumar, a chartered accountant and former employee of PNB, always wielded his influence to sit in PNB, Bapuji Nagar Branch, colluded with PNB officials and facilitated, processed, sanctioned bank loans often through underhanded means by pretending to be dead people. as a guarantor, by mortgaging the property of others beyond his knowledge, by using false documents as authentic, etc.
The investigation also revealed that the arrested defendant Kumar, a qualified Chartered Accountant, worked at National Bank of Punjab from 2013 to 2016 as Manager, Credit, at Saheed Nagar branch in Bhubaneswar and concluded a criminal conspiracy with another accused Birendra Kumar Pattanaik, then Managing Director in the same agency.
He also disclosed that Neeraj Kumar resigned from PNB in the year 2016 and after his resignation he used to serve in PNB Bapuji Nagar branch posing as an official of the Bank in which the accused Birendra Kumar Pattanaik was the chief manager and was actively engaged in facilitation and organization. Loans up to Crores from PNB, Bapuji Nagar Branch.
The defendants also adopted a similar modus operandi by sanctioning a loan of Rs.3.5 Crores in favor of a M/s Lingaraj Enterprises against the mortgage of residential duplexes of the plaintiff – Prasant Kumar Mohaptra without his knowledge.
Previously, Kali Prasad Mishra, Prop of M/s KP Solutions, Srikant Prasad Prusty, then Senior Manager, Credit, PNB Bapuji Nagar, Birendra Kumar Pattnaik, then Chief Manager, Narendra Nayak, then Manager, both from Bapuji Branch Nagar , PNB, Bhubaneswar and Prakash Kumar Behera MD/Directors of M/s Ubique Multitech Private Limited, M/s Aziel Trading And Marketing Pvt Ltd have been arrested in the fraud case.