By Biswanath Dash
BHUBANESWAR: Economic Offences Wing, Bhubaneswar has arrested accused Swayam Prakash Parida, Ex-BM of Central Bank of India, Pallaspalli Branch, Bhubaneswar, on 28.07.2023 from Cuttack in EOW P.S. case No.10 dt.25.04.18 U/s 420/467/468/ 471/120-B IPC.
The arrested accused is going to be produced before the Hon’ble SDJM, Bhubaneswar today i.e. on 29.07.2023. He was absconding since long. He has already been dismissed from the service.
The case has been registered on the written allegation of Shri Ajaya Kumar Khuntia, BM, Central Bank of India, Palaspalli Branch, Bhubaneswar, that during the year 2015-17, Maitreya Mishra and others, fraudulently managed to open several Bank accounts in the name of M/s Shree Bharat Motors, M/s City Motors, M/s Aditya Motors, M/s Utkal Automobiles and M/s Rajpath KTM, Bhubaneswar, in different Banks like Syndicate Bank, Odisha Gramya Bank, Axis Bank, UCO Bank and Central Bank of India by using fake and forged documents.
Thereafter, they got the sanctioned loan amounts credited to the accounts so opened with different banks and misappropriated the same. The arrested accused Swayam Prakash Parida was working as Branch Manager, Central Bank of India, Pallaspalli Branch, from 11.05.2015 to 23.11.2017.
During his incumbency, he has sanctioned 24 vehicle loans and one CC loan with the amount varying from Rs.2 lakhs to Rs.9.75 lakhs under the ‘Cent Vehicle Schemes’ in the name of different persons basing on the forged KYC and loan documents. He, in conspiracy with one Maitreya Mishra who was earlier arrested in this case, has sanctioned the loans in the name of different persons including the fake ones and diverted the loan amount to different accounts so opened by Maitreya Mishra in the name of reputed vehicle dealers like M/s Shree Bharat Motors, M/s City Motors, M/s Aditya Motors, M/s Utkal Automobiles and M/s Rajpath K.T.M, by using fake KYC and ROC documents.
The accounts were opened and managed by accused Maitreya Mishra fraudulently in a cool and calculated manner in connivance with the arrested accused Swayam Prakash Parida, and he was the authorized signatory of the accounts. The loan amounts sanctioned fraudulently in the name of different persons with or without their knowledge to purchase vehicles were ultimately transferred to the accounts so opened by Maitreya Mishra by using the fake KYC and ROC documents in the name of some of the reputed vehicle dealers. Later, the loan amounts were misappropriated by both Maitreya Mishra and the present accused Swayam Prakash Parida and others.
As found, an amount of Rs.1.09 Crore in respect of the 24 vehicle loans and one CC loan have been sanctioned/disbursed illegally, and the amount was misappropriated by the above noted accused persons.
The loans were sanctioned for purchase of the vehicles, but fake insurance certificate, cover notes, payment receipts in respect of the vehicles were submitted without purchase of any vehicle. Even, there was no hypothecation of the vehicles to the lender bank. As a result, the bank could not recover the loan amounts in absence of any co-lateral security and thus suffered heavy loss. Investigation of the case is on.
