CBI teams raided eight places in Odisha to investigate the fraud of Rs 13 crore in Odisha
Gramya bank where gold loans were allegedly given against imitation jewellery. The office and
residences of Odisha Gramya Bank Dumuduma branch's suspended manager Kalindi Charan Nayak was
raided as well that of the appraiser Manabhanjan Sahoo and businessman Ratikanta Kanungo. The
CBI teams also raided the residences of some other persons, who according to bank records had
allegedly taken Rs 13.22 crore in loans between December 2012 and March 2013 by mortgaging fake
gold jewellery. The teams also seized documents relating to the loans.