Bhubaneswar: Odisha Vigilance has intensified its investigation into the alleged embezzlement of more than Rs 1.08 crore from the Koraput Central Co-operative (KCC) Bank, arresting two more accused believed to be closely linked to the main suspect already in custody.
The arrested individuals have been identified as Nibedita Tarai and her associate, Nrusingh Prasad Khamari. The duo was taken into custody following fresh findings that reportedly uncovered substantial transfers of allegedly misappropriated funds into their bank accounts.
The case is connected to a KCC Bank branch manager who was arrested earlier in connection with the financial irregularities. According to investigators, the money trail indicates that a significant portion of the siphoned funds may have been routed through multiple accounts allegedly linked to the newly arrested accused.
Officials said the investigation has widened beyond the initial bank fraud allegations, with authorities suspecting the existence of a larger organised financial fraud network. Vigilance teams are currently scrutinising several bank accounts and trading accounts to trace the movement of funds and identify possible beneficiaries or accomplices.
Sources associated with the investigation revealed that multiple electronic devices, financial documents, and valuables were seized during raids conducted at locations connected to the accused. Authorities are also examining whether attempts were made to destroy digital evidence linked to the transactions.
Investigators suspect that the accused may have been involved in similar fraudulent activities in different parts of Odisha and outside the state. Preliminary findings indicate possible links to other cheating and financial fraud complaints, though officials have not yet disclosed the full scope of the alleged operations.
Odisha Vigilance, which functions as the state’s anti-corruption and financial crime investigation agency, has continued to expand the probe to determine whether public funds were diverted through a coordinated conspiracy involving multiple individuals.
Authorities have stated that forensic analysis of digital devices and banking transactions is underway, and additional arrests may follow based on the outcome of the ongoing investigation.
The Vigilance department has not ruled out the possibility of uncovering more financial irregularities as the probe progresses.
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