Bank employee arrested for embezzling pension funds

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Balasore: Crime Branch officials arrested an employee of Bank Of India of Remuna branch here on charges of misappropriating pension funds to the tune of Rs 1.32 crore.

The accused has been identified as Prabhat Das.

According to sources, Prabhat was posted as a bank correspondent in 2011 during which he collected the ATM cards of dead persons. Subsequently, he withdraw money from their account citing them alive.

As per crime branch officials, two persons died in 2014. He was withdrawing money from their account by submitting annual life certificates of the deceased persons. The matter came to light after the deceased family members lodged complaints in this regard.

On basis of the complaints, police launched a probe and arrested Prabhat. A case has been registered against Prabhat under relevant Sections of the IPC, sources said.

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