Khordha bizman held by EOW for fraud

| | BHUBANESWAR
  • 0

Khordha bizman held by EOW for fraud

Monday, 11 February 2019 | PNS | BHUBANESWAR

The Crime Branch’s Economic Offences Wing (EOW) on Sunday arrested a businessman of Khordha for allegedly submitting fake mortgage documents and subsequently availing a loan from the Allahabad Bank here.

As per reports, the accused Devraj Subudhi along with Narayan Senapati, both partners of the Vishal Polymers, had availed Rs 60 lakh as cash-credit loan and Rs 40 lakh as term loan for manufacturing and trading of polythene bags, packing materials in 2010 from the Allahabad Bank’s Old Station Bazaar branch here.

At the time of availing the loan, Subudhi had given mortgage of his property located at Mouza-Banapur and Raghunathpur in Khordha but subsequently did not repay the outstanding loan amount of nearly Rs 1.45 crore.

During investigation, it was revealed that the property at Banapur had been sold by Subudhi prior to submitting it as mortgage with the bank. Similarly, fake Record of Rights was produced for the Raghunathpur mouza property.

State Editions

Play ‘Vidyotma’ staged at Jawahar Bal Bhavan

19 February 2019 | Staff Reporter | Bhopal

Min: Ensure perfect training of panchayat representatives

19 February 2019 | Staff Reporter | Bhopal

‘Ek Kahani Bastar Ki’ staged

19 February 2019 | Staff Reporter | Bhopal

Newsletter ‘Junoon Duniya Jeetne Ka’ released

19 February 2019 | Staff Reporter | Bhopal

Man booked for hurting religious sentiments on FB

19 February 2019 | Staff Reporter | Bhopal

Man arrested for barb on martyrs

19 February 2019 | Staff Reporter | Bhopal

Sunday Edition

27 more hotels to shut in Karol Bagh in Delhi

17 February 2019 | PTI | Sunday Pioneer

Tech Mahindra board to meet on Feb 21

17 February 2019 | PTI | Sunday Pioneer

HCSL begins construction of new yard

17 February 2019 | PTI | Sunday Pioneer

Apollo Hospital offers to treat free injured CRPF troopers

17 February 2019 | PNS | Sunday Pioneer