Home ODISHA LATEST Bank official arrested for ’embezzling’ pension funds in Odisha  

Bank official arrested for ’embezzling’ pension funds in Odisha  

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Balasore: The Odisha Crime Branch (CB) yesterday arrested an employee of Bank of India (BOI) Remuna branch in Balasore district for for allegedly embezzling pension funds to the tune of Rs 1.32 crore.

Sources said the accused identified as Prabhat Das, who was working as a business correspondent at the bank, used to draw  pension money from the accounts of dead beneficiaries.

After arresting Das, officials of the investigating agency began an investigation into the matter and raided his house in Remuna to collect evidence. Possible involvement of other officials of the bank in the embezzlement will also be brought under the purview of the investigation, said an official.

However, authorities of the bank concerned were not available to comment on the matter.