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, officials said.
The CBI teams also raided the residences of Nakul Parida, Bijan Sahoo, Anil Kumar Das, Purusottam Sahoo and Suryanarayan Sahoo, 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, they said.