Bhubaneswar, May 2: Economic Offences Wing (EOW) of Bhubaneswar has arrested a businessman from Bhubaneswar on the charges of cheating and forgery.
EOW sources here on Tuesday said Rajeev Lochan Das, the accused was arrested from Bhubaneswar on Monday U/s 420/406/465/467/ 468/294/ 506/120-B/34 IPC r/w Sec.66 IT Act.
The accused was produced before the Court of SDJM, Bhubaneswar on Tuesday. This case was registered on the allegation of one Nisharani Mohapatra against the accused Rajeev Lochan Das and others for taking a loan of Rs 5.5 Crore fraudulently by showing forged documents and misappropriating the same.
The accused, one of the Directors of Lumex Resources Pvt. Ltd. had taken a loan of Rs 5.5 crore from the complainant Nisharani Mohapatra in 2019 by showing some forged documents.
After availing of the loan fraudulently, the accused did not repay the loan after some initial repayments and finally stopped repayment and misappropriated the amount Incriminating documents like agreements and correspondences have been seized from the accused. Investigation is on.
