Bank seals builder’s house for loan default in Odisha capital

Swetaparna Published On : Feb 3, 2017 at 4:28 PM Updated On : Feb 3, 2017 at 8:14 PM

Odisha Sun Times Bureau
Bhubaneswar, Feb 3:

Bank with the help of police and district administration officials today sealed yet another house of a city-based builder on account of loan default.

Officials of Odisha Gramya Bank today sealed another house of Ratikanta Kanungo, proprietor of Sibani Builders located in Chintamaniswar locality.

Earlier on Tuesday, same bank officials had sealed Kanungo’s house in Bhimtangi area.

Kanungo had taken a loan of Rs 5 crore from the Dum Duma branch of the Odisha Gramya Bank which he has allegedly defaulted.

Kanungo was also arrested by the CBI for availing a loan of Rs 12 crore from the same bank by pledging fake gold ornaments.