The Odisha Crime Branch (CB) on Friday arrested an employee of the Bank of India (BoI) Remuna branch in Baleswar district for allegedly embezzling pension funds to the tune of Rs 1.32 crore.
Sources said the accused Prabhat Das, who works as a business correspondent at the bank, used to draw pension money from the accounts of dead beneficiaries.
After arresting Das, officials of the investigating agency began an investigation into the matter and raided his house at Remuna to collect evidence. Possible involvement of other officials of the bank in the embezzlement would also be brought under the purview of the investigation, said a CB official.
However, he authorities of the bank concerned were not available to comment on the matter.