Odisha Vigilance on Thursday arrested two former employees of the Mayurbhanj Central Cooperative Bank (MCCB) Ltd., Bahalda Branch, for their alleged role in a major embezzlement case involving government funds amounting to ₹64,42,074.
The arrested individuals have been identified as Dichen Kumar Mishra, the former Manager, and Malay Kumar Dutta, a former bank employee, both previously associated with the Bahalda Branch of MCCB.
According to the investigation, between 2019 and 2024, the duo, along with three other co-accused bank staff, allegedly created fake Loan Against Term Deposit (LATD) accounts against 24 genuine Fixed Deposits belonging to various customers. These accounts were opened without the knowledge or consent of the depositors, enabling the accused to fraudulently withdraw and misappropriate the funds.
Balasore Vigilance Police Station has registered Case No. 14 dated 05.08.2026 under Sections 13(2) read with 13(1)(a) of the Prevention of Corruption (Amendment) Act, 2018, along with Sections 409 and 120-B of the Indian Penal Code.
Both arrested accused were produced before the Special Judge, Vigilance, Baripada, on Thursday.
