Avenue Mail reports CID arrested Jharkhand State Cooperative Bank AGM Sandeep Sen involved in the R. 4.14 crore that surfaced in Saraikela Harswan branch of the bank.
He was arrested from Kharagpur. It bears recall that Jharkhand police had lodged three separate FIRs in 2019 after discovering that Sunil Kumar Sathpathi in connivance with some private persons and bank officials had sanctioned loans worth around 38 crores during 2011 and 2016. Later, the loan amount turned NPA incurring heavy loss to the bank.
CID is investigating into three cases of fraudulent practices adopted in sanctioning of loans worth Rs 38 crore, Rs 4.14 crore and Rs 2.5 crore and failure to realise it.