Congressman Md Moquim, former IAS officer sentenced to 3 years in prison for loan fraud – Reuters

By Express press service

BHUBANESWAR: A Special Vigilance Court on Thursday sentenced MLA Congressman Md Moquim and remanded IAS officer Vinod Kumar to three years in prison in a 22-year loan fraud case. Moquim represents the Cuttack-Barabati Assembly segment and his qualification as a legislator is now under review under the court conviction.

The Special Judge Court, Vigilance, also imposed the same sentence on Director of Metro Builders Private Limited Peeyush Mohanty and former Corporate Secretary of Odisha Rural Housing and Development Corporation (ORHDC) Swosti Ranjan Mohapatra in this case .

The loan fraud took place when Kumar was Managing Director of ORHDC between 4 January 2000 and 15 May 2001. Metro Builders had applied for and obtained a term loan of Rs 1.5 crore from the state PSU for its Metro City-II project.

However, when Kumar sanctioned the loan, he was neither delegated financial authority by the ORHDC board nor authorized to sign the cheques. The proposal to sanction the loan in favor of Metro Builders was not submitted to the ORHDC Board of Directors or the Loan Committee for approval.

Site verification was not carried out and documents such as Bhubaneswar Development Authority plan, project estimate and fire certificate were falsified to qualify for the loan.

3 years in prison for Cong MLA Moquim, former IAS officer

As of October 31, 2007, Metro Builders outstanding had increased to Rs 6.22 crore. During the trial, the prosecution examined 17 witnesses and produced the documents to support the charges against the defendant, Vigilance Special Prosecutor Hemant Kumar Swain told TNIE.

Reacting to the sentencing, the Congressman said he had been framed in the case and would appeal the judgment to the High Court. Stating that neither he nor his company did anything wrong, Moquim said out of the Rs 1.5 crore, the company reimbursed Rs 1.26 crore. “My bail was granted and I will ask the High Court to challenge the decision,” he added.

BHUBANESWAR: A Special Vigilance Court on Thursday sentenced MLA Congressman Md Moquim and remanded IAS officer Vinod Kumar to three years in prison in a 22-year loan fraud case. Moquim represents the Cuttack-Barabati Assembly segment and his qualification as a legislator is now under review under the court conviction. The Special Judge Court, Vigilance, also imposed the same sentence on Director of Metro Builders Private Limited Peeyush Mohanty and former Corporate Secretary of Odisha Rural Housing and Development Corporation (ORHDC) Swosti Ranjan Mohapatra in this case . The loan fraud took place when Kumar was Managing Director of ORHDC between 4 January 2000 and 15 May 2001. Metro Builders had applied for and obtained a term loan of Rs 1.5 crore from the state PSU for its Metro City-II project. However, when Kumar sanctioned the loan, he was neither delegated financial authority by the ORHDC board nor authorized to sign the cheques. The proposal to sanction the loan in favor of Metro Builders was not submitted to the ORHDC Board of Directors or the Loan Committee for approval. Site verification was not carried out and documents such as Bhubaneswar Development Authority plan, project estimate and fire certificate were falsified to qualify for the loan. 3 years in prison for Cong MLA Moquim, former IAS officer On October 31, 2007, the unpaid amount of Metro Builders had risen to Rs 6.22 crore. During the trial, the prosecution examined 17 witnesses and produced the documents to support the charges against the defendant, Vigilance Special Prosecutor Hemant Kumar Swain told TNIE. Reacting to the sentencing, the Congressman said he had been framed in the case and would appeal the judgment to the High Court. Stating that neither he nor his company did anything wrong, Moquim said out of the Rs 1.5 crore, the company reimbursed Rs 1.26 crore. “My bail was granted and I will ask the High Court to challenge the decision,” he added.

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