The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested two persons on the charge of fraudulently transferring Government fund of Rs 2.45 crore.
The accused were identified as Subas Ghising Giri and Shahbaaz Naqvi.
Subas was arrested on Friday and brought to Odisha on a transit remand after he was produced in the Barrackpore ACJM Court at 24 Parganas, Kolkata on Saturday.
Similarly, Saiyed, a native of Raipur in Chhattisgarh was produced in the Barbil JMFC Court on Sunday.
Both the accused were arrested on the basis of a complaint filed by the Barbil Municipality Executive Officer on the allegation of fraudulent and unauthorised transfer of Rs 2.45 from their official account maintained with Bank of Baroda by forging the cheques and the signature of the complainant on March 16 and March 21.
“Both the accused are the part of a well-organised fraud racket. Both the accused were running a mule account being active part of the conspiracy. They had already withdrawn part of embezzled money but were nabbed before withdrawing rest amount. They used to get 15 per cent of the amount for operating the mule account,” EOW said in a release.
The mastermind of the racket has been identified and efforts are on to nab them soon. During investigation, an amount of Rs 1.15 crore out of the fraudulent transferred amount has been located and frozen, the agency added.