Odisha Vigilance has arrested Fanindra Kumar Sahu, the former Managing Director of Jamankira Large-sized Agricultural Multi-Purpose Cooperative Society (LAMPCS) Ltd. in Sambalpur district, on allegations of misappropriating approximately Rs 79,28,000 during the 2021-22.
According to Vigilance officials, Sahu allegedly collected loan repayment amounts directly from farmers but deliberately failed to record these transactions in the society’s Day Book, the primary ledger for daily financial entries. This omission created a substantial shortfall in the accounts.
To conceal the embezzlement, Sahu is accused of submitting fabricated repayment vouchers to the Sambalpur District Cooperative Central Bank (SDCC Bank), Jamankira Branch. These vouchers were reportedly authenticated with counterfeit seals designed to imitate official bank verifications, further deepening the deception.
The case came to light following a detailed investigation into the society’s financial records, revealing systematic discrepancies that pointed to deliberate fraud. Odisha Vigilance has registered Sambalpur Vigilance PS Case No. 29/2025 against Sahu under Section 13(2) read with 13(1)(a) of the Prevention of Corruption (Amendment) Act, 2018, along with Sections 468, 471, 477-A, and 409 of the Indian Penal Code (IPC). These charges pertain to criminal breach of trust, forgery, falsification of accounts, and related offences.
Today, Sahu was produced before the Court of Special Judge, Vigilance, Sambalpur, where further legal proceedings are underway. Authorities have indicated that the investigation is still in progress, with potential for uncovering additional irregularities or accomplices involved in the scheme.
