Woman employee of IIFL among seven held in loot case in Odisha

Cuttack: The Commissionerate Police today arrested seven persons including a woman for allegedly looting gold and cash from India Info Line Finance Limited (IIFL) after registering a case at Lalbag police station.

Based on a complaint lodged by Tapas Ranjan Swain, Territory manager of IIFL, the police launched an investigation into the loot case. During the course of investigation it is ascertained that Lala Amrut Sagar Ray, who is working in IIFL since 2011 as gold appraiser has misappropriated the mortgage gold of general public and put some gold in Manapuram Gold Pledgy Company. He had taken loan against the investment in Manapuram Gold Pledgy Company for his personal gain.

Also Lala Amrut sold some gold in the market. As the misappropriation became huge and he was not in a position to manage in the audit, Lala Amrut made a plan in connivance with Ranjan Kumar Behera who is a religious ideal of accused.

Lala as well as childhood friend, Nilima Lenka and Kabi Prasad Pradhan arranged four persons namely Rajkishore Sahoo, Pabitra Kumar Behera, Prakash Kumar Sahoo and Santosh Bhoi to execute a dacoity from the IIFL Branch Nayasadak. On November 16, they gathered at Baldeswar and conspired to commit dacoity at IIFL, Nayasadak.

As per their plan on November 19 at about 9.58 AM the accused committed dacoity by showing a toy gun which was arranged by Lala.

Out of the seven accused, two persons namely Lala Amrut and Nilima were working as Gold Appraiser and Branch Manager.

Substantial amount of Gold articles, cash, involved Motor Cycles, Audi Car, wearing apparels of the accused persons and other incriminating materials were seized. Investigation is continuing and the recovery process is on. The accused persons misappropriated the public properties such as gold and cash by taking advantages of their post. They purchased imported cars and maintained high life style, a police official said.

Gold Ornaments weighing more than 3 kgs, Rs. 5 lakh cash, one Audi Car, one Bajaj Pulsar Motor Cycle, one Honda Dream Yuga Motor Cycle, one toy gun and Imitation Ornaments weighing about 500 gms were seized from the possession of the accused.

The accused were identified as Lala Amrut Sagar Ray, Ranjan Kumar Behera alias Bapi, Nilima Lenka, Santosh Bhoi, Prakash Kumar Sahoo, Pabitra Kumar Behera and Rajkishore Sahoo.