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.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp