Cuttack: July 10: The anti-corruption wing of Crime Branch arrested Pravanjan Mohanty, the Managing Director of JBS Mineral and Overseas Firm today in connection with a Rs 4.5 crore bank fraud. It is alleged, Mohanty had taken a loan from the Bank by some forged land documents as collateral. He had deposited the land documents of three different persons by forging their signature. Out of the three, one is already dead.
Further, The Court ordered immediate action against the accused and finally, EOW of Crime Branch arrested Mohanty. Police has been investigating whether any involvement of some bank officials in the case is there or not.
