EOW arrests Conman Rajeev on loan fraud of Rs 5.5 crore

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BHUBANESWAR: The Economic Offences Wing, Bhubaneswar has arrested one accused Rajeev Lochan Das from Bhubaneswar on charges of loan fraud on Monday.The accused was produced before the Court of SDJM,Bhubaneswar today.

According to officials,a case was registered by the EOW Under Sections U/s 420/406/465/467/468/294/506/120-B/34 IPC r/w Sec.66 IT Act.

This case was registered on the written allegation of one Nisharani Mohapatra against the arrested accused Rajeev Lochan Das and others for taking loan of Rs.5.5 Cr. fraudulently by showing the forged documents and misappropriation of the same.

According to the authorities,the accused Rajeev Lochan Das, one of the Directors of Lumex Resources Pvt. Ltd. had taken a loan of Rs.5.5 Crore from the complainant Nisharani Mohapatra during the year 2019 by showing some forged documents. After availing the loan fraudulently, the accused did not repay the loan after some initial repayments and finally stopped repayment and misappropriated the amount by not utilizing the same for the purpose for which the loan was taken.

EOW arrests Conman Rajeev on loan fraud of Rs 5.5 crore. #EOWBhubaneswar #Lumex #Odisha #Bhubaneswar pic.twitter.com/6kVB1tVSt1
— Fast Mail (@fastmailnews) May 2, 2023

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