Berhampur: The branch manager and a security guard of a bank in Odisha’s Ganjam district have been arrested for allegedly misappropriating over Rs 50 lakh on the pretext of disbursing loans to different organisations and joint liability groups, police said on Thursday.
Nihar Kant Pradhan, who heads the Hatiota branch of Utkal Grameen Bank (UGB, had allegedly transferred the loan money to the accounts of the security guard, Ajay Panda. He had joined the branch last June.
The fraud had come to light following an audit of the loan accounts of the bank, following which UGB regional manager Ajay Nayak lodged a complaint.
“The security guard did not object to the transfer of the amount as the 29-year-old manager apparently told him that it was his personal money,” Kabisuryanagar police station inspector Prabhat Sahoo told PTI.
The regional office is ascertaining the extent of the fraud, the officer added.
New Delhi: The Winter Session of Parliament commenced on Monday (Nov 25). But both houses…
Cuttack: After rescuing a minor Bangladeshi girl, Madhupatna Police in Odisha’s Cuttack city have arrested…
Baripada: Ten days after being put in a soft enclosure inside Similipal Tiger Reserve (STR)…
Nuapada: Inspector In-Charge (IIC) of Jonk police station in Odisha’s Nuapada district, Gurudev Karmi, has…
Mumbai: The first day of the IPL mega player auction at Jeddah threw up several…
Bhubaneswar: The Odisha government has handed over the investigation into the attack on Dhramasala MLA…
Bhubaneswar: The Commissionerate of Police on Sunday issued an advisory for movement of vehicular traffic…
New York: Now that President-elect Donald Trump has tasked Elon Musk with the responsibility of co-heading…