Archive · 19 Jul 2026
Man Arrested for Rs 20 Lakh Loan Fraud in Odisha
A man named Shasadhar Panda was arrested for tricking a woman named Deeparani Pattnaik out of Rs 20 lakh.
He told her he needed the money to pay for his son's college education.
He promised to give her some land in return, but he never did.
Instead, he took the money and ran away.
The police found out that Panda has done this to other people too.
He is also being investigated for another big fraud case involving Rs 3.50 crore.
The police finally caught him hiding in a place called Khaira.
Shasadhar Panda was arrested for duping Deeparani Pattnaik of Rs 20 lakh.
Panda promised to transfer land in exchange for the loan but failed to do so.
The victim initially met Panda through a voluntary organization called Krantibahini.
Panda is a habitual cheater with six more cases registered against him in different districts.
The Economic Offences Wing is investigating another fraud case involving Rs 3.50 crore against Panda.
- Who
- Shasadhar Panda, a resident of Sector-13, CDA area of Kataka city, and Deeparani Pattnaik, the victim.
- What
- Panda was arrested for duping Pattnaik of Rs 20 lakh on the pretext of funding his son's higher education.
- When
- The incident occurred on January 28, 2025, and the arrest took place on July 18, 2026.
- Where
- The fraud took place in Kataka, Odisha, and the arrest was made in Khaira, Balasore district.
- Why
- Panda allegedly borrowed the money for his son's education but failed to repay or transfer the promised land.
- Accused Name
- Shasadhar Panda
- Victim Name
- Deeparani Pattnaik
- Loan Amount
- Rs 20 lakh
- Arrest Date
- July 18, 2026
- Arrest Location
- Khaira, Balasore district
- Additional Cases
- 6 more cheating cases in Bhadrak, Puri, and Kataka districts
- EOW Investigation
- Fraud complaint involving Rs 3.50 crore