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Odisha: OPID court convicts two fraudsters for cheating NBFC using forged documents

Bhubaneswar, April 24 (UNI)The OPID Court, Balasore, has convicted two fraudsters for cheating NBFC (Sundaram Finance) of Rs. 1.64 crore by fraudulently disbursing 13 loans in favour of fictitious loanees by using forged documents.
The court delivered the judgment on Tuesday holding accused Sashikanta Sahoo guilty under section 409/420/467/468/471/472/120-B IPC and his brother Srikanta Sahoo guilty under section 409/420/ 471/472/120-B IPC.
The Court sentenced convict Sashikanta Sahoo to undergo seven years Rigorous Imprisonment and fine of Rs.3 lakhs and convict Srikanta Sahoo to undergo five years RI and fine of Rs.2 lakhs.
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