Two bank officials in Odisha's Jajpur were suspended for committing fraud related to gold loans.

In Jajpur, a recent loan fraud involving a whopping amount of Rs 42 lakh has led to the suspension of two officials from a rural bank. The incident took place in Odisha, where it was discovered that counterfeit gold was being used as collateral for loans.

The two officials who have been suspended in connection with this fraud are Satabdee Pradhan, the former manager, and Pratibha Mishra, the former assistant manager of the Jaraka branch of Odisha Gramya Bank. It was during a routine inspection that the fraud came to light, prompting the bank authorities to take immediate action against the accused officials. The gold appraiser who was involved in the offence has also been removed from his position.

The regional manager of the bank, Dig Bijay Bahadur Das, wasted no time in filing a complaint with the local Dharmasala police station on Thursday. The complaint named seven individuals from the nearby villages who had taken a loan of Rs 42.67 lakh from the bank by using fake gold jewellery as collateral. It was discovered that all of the borrowers were known to the gold appraiser at the branch, who had recommended their loans.

As a result of the complaint, a case has been registered against a total of 10 people under various sections of the Bharatiya Nyaya Sanhita, and an investigation has been initiated. Commenting on the matter, the Inspector-in-Charge of the Dharmasala police station, Tapan Kumar Nayak, assured that the culprits involved will be arrested soon.

The bank officials are taking this matter very seriously and are working closely with the authorities to bring the fraudsters to justice. It is a shame that such fraudulent activities are taking place, but the bank is determined to take strict measures to prevent such incidents from happening in the future. The investigation is ongoing, and it is hoped that the truth will be uncovered, and appropriate action will be taken against those responsible.

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