KCC Bank fraud: CB probe ordered

| | BHUBANESWAR
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KCC Bank fraud: CB probe ordered

Wednesday, 31 May 2017 | PNS | BHUBANESWAR

The State Government on Tuesday ordered a Crime Branch (CB) investigation into the alleged scam in farmers’ loan and crop insurance and directed to recover the looted money from the unscrupulous officials involved in the scam.

The decision came after it was found that the officials of cooperative banks in four districts of the State under Koraput Central Cooperative (KCC) Bank had embezzled money by carrying out fake transactions.

Cooperation Minister Surjya Narayan Patro said all the three officers charged with fraud allegations have got promotions.

“I have ordered an investigation by the Economic Offences Wing (EOW) of CB. I have also issued suspension order of the three officials. Besides, show cause notices have been issued to the officials who carried out the promotions,” Patro said. 

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