Bhubaneswar: Odisha Vigilance on Tuesday arrested Fanindra Kumar Sahu, former Managing Director of Jamankira Large-sized Agricultural Multi-Purpose Cooperative Society (LAMPCS) Ltd., Sambalpur, in connection with an alleged financial misappropriation case.
According to an official press release, the arrest followed an investigation into financial irregularities during the 2021–22 financial year, in which an amount of approximately Rs 79.28 lakh was allegedly misappropriated. Sahu is accused of collecting loan repayment amounts directly from farmers but deliberately failing to record the transactions in the Day Book, the primary accounting register of the society.
To conceal the alleged misappropriation, he reportedly submitted false loan repayment vouchers to the Sambalpur District Cooperative Central Bank (SDCC Bank), Jamankira Branch. These vouchers were allegedly supported by fake seals to give the appearance of official bank verification.
Odisha Vigilance has registered Sambalpur Vigilance Police Station Case No. 29/2025 under Sections 13(2) read with 13(1)(a) of the Prevention of Corruption (Amendment) Act, 2018, and Sections 468, 471, 477-A, and 409 of the Indian Penal Code.
The accused was produced before the Court of the Special Judge, Vigilance, Sambalpur.
Further investigation into the case is underway.
