Bhubaneswar: Economic Offences Wing of State Crime Branch on Wednesday arrested a 36-year-old man and his wife for allegedly misappropriating the loan amount taken from Allahabad Bank in Bapuji Nagar in the city during the year 2011-17.
The accused were identified as Debi Prasad Pattnaik, and his wife Sanjukta Jena (32) of Puri.
The matter came to light after Allahabad Bank Chief Manager Isidor Kujur lodged a complaint with the police against the couple for defrauding the bank.
According to reports, Pattnaik and his wife Sanjukta had availed a loan of Rs 39,00,000 on the pretext of buying a flat in Basera Impression Plus allegedly by producing fake documents. However, after availing the loan they did not repay the loan installments.
Further investigation into the matter is on while the accused persons will be produced before the court, an official said.