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Police begin probe into Koraput Union Bank load fraud

load fraud

Koraput: Koraput Town Police on Saturday launched a probe into a load fraud of Rs 2 crore by a former branch manager at Union Bank of India here.

The probe was ordered based on a case lodged by Regional head of Union Bank, Sushant Mishra at Koraput Town police station.

According to sources, former branch manager Amrita Priyadarshini Patra has allegedly issued loans to the tune of Rs 2 crore to several members of her family in fraudulent manners during the financial year 2016-17.

The fraud was detected during a recent internal audit conducted by the senior officials of the Union Bank, sources said.

Basing on the complaint, Koraput Town Police registered a case against the former branch manager under Indian Penal Code sections 409, 420, 471, 472 and 34 and started investigation, said a police official.

We are examining the loan records at the branch and a detailed probe is on, the official added.

 

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