Sundargarh Vigilance officials led by DSP Parameswar arrested former bank manager Subash Rath and cashier Nityananda Nayak of the Rourkela branch of the Sundargarh Central Cooperative Bank on Wednesday for their alleged involvement in irregularity of `18 crore during 2004-2011.
The matter had been handed over to the Vigilance wing putting these two officers under suspension after revelation of audit findings of the irregularities. Following an investigation, the Vigilance team had taken Rath and Nayak into custody. More persons involved in the case will be taken into custody soon.
Refuting the allegations, Rath said he has no role in irregularities rather he has been made a scapegoat to protect other big fishes in the matter. The matter has been produced before the High Court and the truth would be unearthed soon, added Rath.