Bhubaneswar: IAS officer and Ex-Managing Director of Odisha Rural Housing Development Corporation (ORHDC), Binod Kumar, who has been held guilty of corruption, was sent on compulsory retirement today.
The central government has also agreed to the state government’s proposal to send Kumar on compulsory retirement.
Reportedly, after the 1999 super cyclone, Kumar during his tenure as the Managing Director of ORHDC had extended loans amounting to Rs 33.34 crore to fake private firms and individuals without adhering to prescribed guidelines.
Because of it, the State Government suffered huge financial losses. Subsequently, the Government filed 26 vigilance cases against Kumar. Among them, he has been convicted in two of the cases.