The Vigilance police on Wednesday arrested Nabarangpur district’s Baragaon Upper Primary Boarding School Headmaster Ranjeet Kumar Panigrahi after he could not account satisfactorily for possessing assets worth Rs 2,60,67,223 disproportionate to his known sources of income.
On Tuesday, Panigrahi’s double-storied residential building at Kumuti Sahi in Raighar in Nabarangpur district, triple-storied building at Kalisundari Sahi in Raighar, double-storied building–cum-fertiliser shop at Raighar, house of relative at Raighar and office chamber at school were simultaneously searched.
In course of search and inventory, Panigrahi was found in possession of assets worth Rs 2, 60, 67,223 was held and forwarded to court.
Investigation is in progress.