UGB Official Held for Fraud

Published: 13th April 2016 06:35 AM  |   Last Updated: 13th April 2016 06:35 AM   |  A+A-

BELPAHAR (JHARSUGUDA): The sleuths of Sambalpur vigilance division on Tuesday arrested an employee of Utkal Gramya Bank (UGB) on charges of misappropriation of Government money by misusing his official powers.

The accused, Anand Dash, ex office assistant-cum-cashier of UGB, Belpahar branch, along with former branch manager, Sarat Kumar Patnaik and another local Tapan Pradhan have been charged under different Sections of Prevention of Corruption Act.

According to sources, Patnaik and Dash had entered into a conspiracy with Pradhan and misutlised the loan applications and documents submitted by 15 persons.

The applicants were told that the documents submitted by them had been lost.

Meanwhile, using the documents they sanctioned and disbursed loan against them by forging their signatures and manipulating the bank records. They managed to misappropriate `7.33 lakh between 2009 to 2013.

As prima facie evidence was established against Dash, he was arrested and forwarded to the Court of Special Judge, Vigilance, Sambalpur.

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