Home CRIME Odisha EOW arrests company official for Rs 30 cr fraud

Odisha EOW arrests company official for Rs 30 cr fraud

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Reported by Santosh Jagdev
Bhubaneswar, Jun 9:

The Economic Offences Wing (EOW) of the Odisha Crime Branch today arrested Purna Chandra Rath, manager of Karamchand Thapar & Brothers (Coal Sales) Ltd’s Paradip branch, from Kolkata on charges of cheating the company of Rs 30 crore.

Purna Chandra RathThe EOW, which brought Rath to the capital city this morning, will produce him before the court later in the day.

Sources in the Crime Branch said Rath had committed a fraud of Rs 30 crore by producing false documents and preparing fake bills and cheques and transferred the money to his personal bank account.

After the company detected the illegal trasactions, it lodged a complaint with the Crime Branch.

Acting on the complaint, the Crime Branch conducted a series of raids and finally arrested Rath from Kolkata.

Prior to this, the Crime Branch had arrested Ramesh Chopra, another staff of the company, on similar charges.

It may be mentioned that KCT Coal Sales is the single largest coal handling agency in India. It deals with all the major public and private sector companies and is responsible for the entire set of logistical operations involved in the movement of approximately 60 million metric tonnes of coal per annum.