Bhubaneswar: The Odisha Vigilance on Tuesday registered a fresh case against two former officials of the Mayurbhanj Central Cooperative Bank (MCCB), Bahalda Branch, for allegedly misappropriating Rs 21.44 lakh meant for repayment of an outstanding loan account of Tiring Large Sized Adivasi Multipurpose Cooperative Society (LAMPCS).
According to an official press release, the case has been registered against Dichen Kumar Mishra, former Branch Manager, and Gourab Kumar Das, former Assistant Manager, of MCCB’s Bahalda Branch.
The Managing Director of Tiring LAMPCS had tendered Rs 21,44,370 to the bank specifically for repayment of the society’s outstanding loan account. However, instead of crediting the amount to the designated LAMPCS account, the accused officials allegedly conspired to divert the funds into 12 separate loan accounts that had been fraudulently created without the knowledge of the individuals in whose names the accounts were opened.
The diverted funds were allegedly used to clear or adjust earlier unauthorised loans purportedly sanctioned by the accused officials. The Vigilance alleged that the fresh diversion of funds enabled the accused to conceal their earlier alleged embezzlement.
In connection with the incident, Baleshwar Vigilance Police Station Case No. 19, dated September 1, 2026, has been registered under Section 13(2) read with Section 13(1)(a) of the Prevention of Corruption (Amendment) Act, 2018, and Sections 409 and 120-B of the IPC.
This is the second Vigilance case against the two former MCCB officials in connection with alleged financial irregularities at the Bahalda branch.
Earlier, on August 6, Mishra and Das were arrested in connection with Baleshwar Vigilance PS Case No. 14/2026, registered over the alleged misappropriation of Rs 64.42 lakh. In that case, the officials were accused of fraudulently creating fake Loan Against Term Deposit (LATD) accounts against 24 genuine fixed deposits belonging to customers, without their knowledge or consent.
The two accused were subsequently forwarded to the court of the Special Judge, Vigilance, Baripada.
The investigation into the fresh case is underway.
