Odisha: Bank manager held for swindling Rs 60 lakh from Collector’s account

Angul: Branch Manager of a bank has been arrested for allegedly swindling nearly Rs 60 lakh from the account of Angul Collector in 2017-18 through fraudulent means.

The accused has been identified Shaktivedant Dash, a resident of Nageswar Tangi under Lingaraj police limits in Bhubaneswar.

According to reports, Dash, while working as the manager of HDFC Bank in Angul, had fraudulently withdrawn Rs 59,41,481 from the account of Angul Collector through eight cheques by forging the signature of the bureaucrat. The account was opened in 2013 in the name of the Collector and the amount was deposited for widening of National Highway in the district.

After committing the offence, he left the job and started working as associate director at another private bank in Bhubaneswar, in November last year. Acting on a complaint lodged by Angul Assistant Collector Ranjan Mohanty on September 11, district police have arrested Dash.

On the other hand, the amount has been credited to the bank account yesterday, said Angul Collector Manoj Kumar Mohanty.