EOW Arrests 2 Fraudsters For Misusing Govt Funds Worth Rs. 2.45 Crores

Keonjhar: Economic Offences Wing (EOW), with the help of Keonjhar district police and Barrackpore Commissionerate Police of West Bengal, arrested accused identified as Subas Ghising Giri on March 24 from Barangar, Barrackpur, West Bengal.

On being arrested, he was produced before the ACJM, Barrackpore Court, 24 Pragana, Kolkata on March 25 and was brought to Odisha on the strength of transit remand.

He was produced before the Hon’ble Court of JMFC, Barbil on March 26. Besides, another accused identified as, Saiyed Shahbaaz Naqvi (a native of Raipur, Chhattisgarh) has also been arrested and is being produced in the court of JMFC, Barbil.

The above referred case has been registered on the basis of a complaint filed by the Executive Officer, Barbil Municipality, Barbil on the allegation of fraudulent and unauthorised transfer of Rs.2,45,60,800/- from their official account maintained with Bank of Baroda, Barbil by forging the cheques and the signature of the complainant.

Investigation of the case revealed that the official account of Barbil Municipality is maintained with Bank of Baroda, Barbil and the authorized signatory of the account is the Executive Officer of Barbil Municipality.

Abhisek Panda is presently working as the Executive Officer, and for any debit transaction from the accounts, his signature is necessarily required.

However, on March 03 and March 21, the present accused persons, Subas Ghisingh Giri and Saiyed Shahbaaz Naqvi in criminal conspiracy with others
had managed to transfer/withdraw Rs.2,45,60,800/-from the above account by forging
the Bank Cheques and the signature of above named Panda.

Both the above noted accused persons are the part of a well organised fraud racket. Both the above accused were running a mule account being active part of the conspiracy.

They had already withdrawn part of embezzled money but were nabbed before withdrawing rest amount. They used to get 15% of the amount for operating the mule account.

Mastermind of the racket has been identified and efforts are own to arrest them soon. During investigation, an amount of Rs.1.15 Crores out of the fraudulent transferred amount has been located and frozen.

Investigation of the case is continuing.

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