Jabalpur: The Economic Offences Wing (EOW) has registered a case against former Central Bank of India manager Kamal Mishra, brokers Suresh Mathani and Rekha Nayak for alleged fraud and embezzlement of Rs. 6.9 crore. The trio is accused of colluding to siphon off funds under various schemes like Mudra, PMEGP, and others.
According to EOW RD Bhardwaj, a complaint was received alleging the three conspired to open loan accounts in the names of common people and misappropriated funds. Investigation revealed that Rekha Nayak received a term loan of Rs. 10.45 lakh and a cash credit of Rs. 13.30 lakh for a flour mill business in Mandla district under the PMEGP scheme, despite Mandla falling outside the jurisdiction of the Jabalpur branch. No flour mill was ever established at the mentioned location.
Similarly, other loans were sanctioned under Mudra and PMEGP schemes using forged Aadhaar and PAN cards, ranging from Rs. 10 lakh to Rs. 25 lakh each. The three accused, in collusion, used fake documents to swindle Rs. 6.9 crore from the bank, causing financial damage to the institution while enriching themselves.
Cases have been registered against the accused under sections 409, 420, 467, 468, 471, 120(B) of the Indian Penal Code and section 7(C) of the Prevention of Corruption Act 1988 (amended 2018).
