Odisha EOW Cracks Rs 3.70 Cr Bank Fraud Case; IDBI Asst Manager Arrested from Raipur

Bhubaneswar: The Economic Offences Wing of Odisha Police has cracked a bank fraud case and arrested the Assistant Manager of IDBI Bank from Chhattisgarh’s Raipur for his involvement in the fraud.

The accused has been identified as Tanmay Kumar Maharana, assistant manager of IDBI Bank of Dandamukundapur Branch at Pipili in Puri district.

Maharana has been nabbed in relation to embezzlement of public money.

The case was registered on the allegation of Sandeep Pattnaik, General Manager, IDBI Bank, Bhubaneswar that Sarojkanta Mohapatra, Ex-Branch Head (now Manager) and Tanmay Kumar Maharana, Ex-Asset Officer (now Asst. Manager), IDBI Bank, Dandamukundapur Branch had illegally sanctioned 35 fictitious loans (majorly MUDRA loans) amounting to Rs.3.70 Cr.mostly in favour of their close relative/acquaintances.

During investigation, it was found that the Govt. cash of Rs.3.7 Cr. was deposited in 2 bank accounts of BDO, Pipili maintained with IDBI Bank, Dandamukundapur Branch, Pipili. During 2018, BDO, Pipili, had requested the bank for Fexi Fixed Deposit (FFD) of the above amount, and as per the advice of the then accused Branch Manager, the then BDO, Pipili had issued 07 No. of “Yourself” cheques for the purpose.

It was also falsely intimated by the bank that the amount has been deposited in the Flexi Account, giving the details of the interest accrued thereupon.

The arrested accused was produced before the court of JMFC, Raipur and was brought on the strength of transit remand. He will be produced before the Designated Court under OPID Act, Cuttack.

The investigation of the case is underway, the EOW said.