The Special Vigilance Court here on Wednesday sentenced two former employees of the Odisha Rural Housing Development Corporation (ORHDC) to three years in jail each in connection with the financial scam in the corporation.
The court also slapped a fine of Rs 75,000 each on the two.
Former ORHDC Accounts Officer Pradip Rout and former Accountant had surrendered before the court earlier on the day. The court had issued a non-bailable warrant (NBW) against them.
The court, in July, had convicted ORHDC former Managing Director Vinod Kumar, a senior IAS officer, and five employees in connection with the fraud.
Of the six, only Assistant Manager Sanjay Mohanty had appeared in the court on that day.
The Vigilance police had registered a case against Kumar and the five employees of the corporation for committing financial irregularities to the tune of Rs 55 lakh in 2000.
During his tenure as corporation MD in 2000-01, Kumar had allegedly unscrupulously granted loans to builders and contractors without obtaining adequate collateral security and proper scrutiny. Besides, no follow-up action was allegedly taken by the corporation to recover the loans.