ODISHA VIGILANCE ARRESTS BANK OFFICIAL IN CONNIVANCE WITH HIS FATHER A RETIRED TEACHER IN RS. 5.56 CRORE EMBEZZLEMENT CASE.
1. Incident Overview
On March 18, 2026, the Odisha Vigilance successfully arrested Sri Matruprasad Mohanty, Branch Head of Jana Small Finance Bank (Bhadrak), for his involvement in a massive misappropriation of government funds. The fraud targeted the Office of the Block Education Officer (BEO), Korei, Dist-Jajpur, resulting in a total loss of Rs. 5,56,11,495.
2. Modus Operandi:
The investigation by Odisha Vigilance revealed a sophisticated collaboration between the accused and his father, Sri Pradip Kumar Mohanty (a retired Headmaster re-engaged at the BEO office).
3.System Manipulation
Pradip Kumar Mohanty illegally accessed the Human Resource Management System (HRMS).
Identity Theft:
He targeted the IDs of 13 retired teachers (pensioners).
Fraudulent Billing:
By falsifying records to show these retirees as “active” in service, he prepared monthly pension bills in their names.
Laundering Path:
The funds were routed through a series of transactions into accounts held by:
Pradip Kumar Mohanty (Father)
Matruprasad Mohanty (Son)
Other family members across various branches of the State Bank of India (SBI).
4. Financial Breakdown & Evidence
The duration of the fraud spanned nearly six years, from November 2018 to September 2024.
In this connection, Odisha Vigilance has registered a case vide Cuttack Vigilance PS Case No 11/2026 under Prevention of Corruption Act, 2018/ sections of IPC against Sri Matruprasad Mohanty.
Sri Matruprasad Mohanty has been arrested and is being forwarded today to the Hon’ble Court.
Investigation is in progress.
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