Bhubaneswar:
The Odisha Police's Economic Offences Wing on Thursday arrested three persons including a bank employee for allegedly fudging documents to secure a loan of Rs 1.17 crore from the State Bank of India's (SBI) Sakhigopal branch in Puri district.
"We have arrested the three persons on charges of bank loan fraud and investigation is on," Deputy Inspector General (DIG) of EOW Rajesh Kumar said.
While one of the accused persons is a retired field officer of the branch, two others are Railway employees, sources said.
The fraud came to light after the bank's regional manager filed a case in November with the Crime Branch, suspecting forged documents were submitted to avail the loan.
"Bank officials suspected foul play by some employees and a case was filed in November after the accounts against which the loan was sanctioned became irregular," Kumar said.
Investigations revealed that fake documents were used to avail the loan sanctioned in favour of 51 persons in between 2003 and 2006, an official said.
