Two Bank Officers Arrested For Rs 3 33 Cr Loan Fraud In Odisha menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Economic Offences Wing of Odisha Police has arrested two senior officers of Central Bank of India on the charges of fraudulently sanctioning loans in the name of ineligible persons thereby misappropriating the loan amount and government .
The Economic Offences Wing of Odisha Police is investigating a Rs 1,000 crore ponzi scam and may question Bollywood actor Govinda s involvement. The scam involves the firm STA (Solar Techno Alliance), which is accused of operating a Ponzi scheme and collecting deposits without authorization. The police have already arrested individuals connected to the scam and issued a look-out circular against a Hungarian national involved. STA has over 2 lakh members across multiple states in India.