Bhubaneswar, July 1 -- The Economic Offences Wing (EOW), Odisha, arrested former UCO Bank branch head Siba Kumar Das in connection with an alleged bank fraud involving Rs 3.25 crore. Das, who previously headed the Old Secretariat Branch in Cuttack, was arrested from Trisulia and produced before the designated OPID Court in Cuttack on Wednesday.

The case was registered on the basis of a complaint filed by Varsha, Deputy General Manager and Zonal Head of UCO Bank, Cuttack.

According to the complaint, Das allegedly sanctioned and disbursed 22 car loans and two business loans worth Rs 3,25,43,000 by deliberately manipulating official records, fabricating documents, and violating banking procedures, resulting in substantial financial loss to...