Odisha EOW sniffs bigger scam in ‘loan fraud’ case against Soumya Patnaik, his company | Bhubaneswar News – Times of India

BHUBANESWAR: The economic offences wing (EOW) on Tuesday claimed their investigation into the alleged loan fraud case involving BJD MLA Soumya Ranjan Patnaik has uncovered a big scam.
A cheating and forgery case was registered against Patnaik and Baijayanti Kar, the HR head of a media house which is under the EOW scanner, on September 16 following an allegation by one of their former employees that he was forced to take a loan on behalf of the company through fraudulent means.
“Investigation and evidence collected so far reveal a huge and meticulously planned scam to get loan amounts sanctioned in crores of rupees in favour of over 350 employees using fraudulent methods of cheating, forgery and coercion. Forged and inflated salary certificates of employees were submitted in banks by the media house,” the EOW said in a written statement.
Kar, who was questioned by the EOW following a search operation on the company premises on Monday, deposed before the probe agency on Tuesday. She was quizzed for about two hours.
The media house and Kar on Tuesday reiterated that the charges against them are baseless and vindictive in nature. “We have been cooperating with the EOW,” Kar said.
The probe agency said they found a huge mismatch between the actual salary paid to employees and the salary clips submitted in banks by the company authorities.
“It appears that the loan forms were filled by someone else and employee/loanee only put his/her signature. Loanees have not received a single penny and have not benefited by the loan amount,” the agency said.
The EOW said the EMI was almost equal to the net salary of a loanee. The officials found that some employees were forced to take loan two-three times. The EMIs were paid by the media house in 60 instalments. Strangely, in many cases, EMIs were paid by the company even after the employees left the organisation. “It has been a continuing phenomenon (getting loans sanctioned in this manner) for years,” the EOW said.
The BJD, which recently removed Patnaik from the post of party vice-president for his alleged anti-party activities, on Tuesday said law should take its own course. “Soumya Patnaik should face the probe as nobody is above the law,” BJD spokesperson Lenin Mohanty said.

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