Two arrested for fraudulent transfer of Rs 2.45 crore from EO's account
Two arrested for fraudulent transfer of Rs 2.45 crore from EO's account
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Subas Ghising Giri was detained by the Economic Offences Wing (EOW) here, together with the Keonjhar district police and the Barrackpore Commissionerate Police of West Bengal, in a case involving the fraudulent transfer of Rs 2.45 crore belonging to the Barbil municipality.
On March 24, Giri was apprehended in Barangar, Barrackpore, West Bengal. Another suspect, Saiyed Shahbaaz Naqvi of Raipur, Chhattisgarh, has been apprehended.
They were apprehended when the Executive Officer of Barbil Municipality submitted a complaint alleging fraudulent and unauthorised transfers of over Rs 2.45 crore from the municipality's official account with Bank of Baroda, Barbil, using forged cheques and the complainant's signature.
The accused allegedly falsified the signature of Abhisek Panda, the Executive Officer of Barbil Municipality.
The EOW stated in a press release that both accused are part of a well-organized scheme. According to the report, the racket's mastermind has been identified, and Rs 1.15 crore of the money has been seized.
