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Home Co-op News Snippets

Scam in Orissa State Co-op Bank: Three arrested

Ajay Jha by Ajay Jha
February 4, 2016
in Co-op News Snippets
0
EoW to probe fake multi-state co-op societies
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Vigilance officials have arrested three people for allegedly taking loans of Rs 45.2 lakh from Orissa State Cooperative Bank in 2009 and 2010 by submitting fake documents.

The trio, along with several others had fraudulently taken loans from OSCB’s main branch in 2009 and 2010. They had submitted fake documents such as salary certificates, copies of service books, etc., to get the loans sanctioned from OSCB.

The accused had also impersonated employees of the office of the chief engineer, drainage division, Cuttack, to get the loans,” said SP (vigilance) Basant Kumar Panigrahi.

Earlier, vigilance department officials had arrested four other people in connection with the case. Jena, the prime accused in the fraud case registered by the vigilance department in 2013, is currently out on bail.

Tags: arrestedcooperativeOSCBScam in Orissa State Co-op Bank
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