The Vigilance police on Tuesday carried out simultaneous raids on the office chamber and houses of the Nabarangpur-based Baragoan Upper Primary School Head master Ranjeet Kumar Panigrahi on the charge of accumulating assets disproportionate to his known sources of income.
During the search, assets worth R 2.61 crore including one triple-storied building, two numbers of double-storied buildings, six plots, two four wheelers, two two wheelers, deposits in different banks of Rs 70.46 lakh, investment in insurance policies (LIC) of Rs 20.31 lakhs, gold and silver ornaments and cash of over Rs 6 lakh were found in the possession of Panigrahi and his family members.