ORDER :

Heard learned counsel for the petitioner and the learned Addl. Government Advocate.

2. The petitioner is apprehending arrest for the alleged commission of offence under Sections 167 467 468 471 406 409 420 and 120-B of the I.P.C. in G.R. Case No.1239 of 2014 of the court of the learned S.D.J.M. Baripada arising out of EOW P.S. Case No.26 of 2014.

3. The Branch Manager of SIPS Campus Branch Bank of India Jharpokharia has lodged an F.I.R. indicating that the loans were sanctioned purportedly under Government sponsored Jalanidhi scheme without following the procedure and formalities. It is specifically mentioned that the then Bank Manager and sanctioning authority Girija Shankar Mishra (not petitioner) has rendered the loans ineligible for Government subsidy of 50% in each account. It was further stated that phase-wise disbursement was not done for execution of the projects of all the cases and full disbursement has already been done in respect of all the loan accounts the onus was on the supplier-cum-executor of the projects to complete the projects in all respects. One Bangali Charan Jena Proprietor of Ms. Oriental Machinery Supplier did not complete the projects in all respect