By Our Correspondent
BHUBANESWAR:Economic Offences Wing, Odisha, arrested accused Pradipta Kumar Lenka of Cuttack in EOW PS Case No.08 Dtd.05.05.2026 U/s 409/420/467/468/471/120 B IPC on 27.05.2026 from Bhubaneswar. The arrested accused is going to be produced before the Hon’ble Designated Court under OPID Act, Cuttack, today i.e. on 28.05.2026.
The case was registered on the written report of Shri Shiba Sundar Sahoo, Regional Manager, State Bank of India, RBO, Bhubaneswar wherein it was alleged that the FIR named accused persons by entering into a conspiracy availed 282 No. of Xpress Credit Loans amounting to Rs.6.88 Cr. from Rail Vihar Branch (150), Fortune Tower Branch (115), Patia Branch (8) and Damana Branch (9) of SBI during the period from May’ 2022 to Nov’ 2023 by producing fake/fabricated employment records as employees of different organizations like Tata Steel Ltd., TPCODL, Vedanta Ltd., Dharmara Port, Aarati Steels Ltd. etc.
The arrested accd. in connivance with the loanees and others managed to sanction/avail 282 No. of Xpress Credit loans meant for the Corporate/Govt. Sector in favour of 282 different ineligible individuals by producing fake/fabricated employment records like salary certificate, employment details, bank statements and KYC documents. After availing the loan by fraudulent means, the loanees stopped making payment of the EMI and the loan accounts became NPA leaving the outstanding of Rs.6,88,29,323/-. As found on investigation, diversion of Rs.3.23 lakh to the account of arrested accused Pradipta Kumar Lenka have been made from the loan account of the loanees. The arrested accused was acting as a middlemen in preparing the fake documents for financial gain.
Earlier, four accused persons namely Smruti Ranjan Mohanty, Baishakhi Saha, Charubala Dandasena and Sarita Paikaray have been arrested in this case and presently they are in jail custody.
Many incriminating materials like one mobile handset suspected to be containing the incriminating materials have been seized from the arrested accused.
The investigation of the case is going on.
