Bhubaneswar, April 6 (FN Representative) Economic Offences Wing, (EOW ) Bhubaneswar has arrested SBI ,Phulbani branch Deputy Manager Asutosh Acharya on Wednesday from Cuttack for misappropriating over Rs eight crore. EOW sources on Thursday said accused Asutosh Acharya, was arrested U/s 409/420/ 467/468/471/120-B IPC, r/w Sec.66 (C) of IT Act.The accused will be produced before the Court of SDJM, Phulbani.
The case was registered on the allegation of Regional Manager, State Bank of India, RBO, Phulbani against Asutosh Acharya, who is working as Deputy Manager-cum-Field Officer of SBI, Phulbani Branch for illegally recommending and processing 59 Xpress Credit Loans meant for the salaried person and 26 Pension Loans meant for the pensioners to the non-salaried persons and non-pensioners. Acharya subsequently misappropriated the loan amount of Rs.8,01,87,000 by transferring the same to the account of his family members and relatives including his father, mother and late father-in-law The loans were sanctioned during September 2021 to September 2022 on the basis of the recommendation of the accused basing on the manufacture and use of forged documents.