Odisha Bank Officer Arrested for Embezzling Rs 5 Crore Govt Funds

• Odisha Vigilance Department arrested a bank officer for allegedly embezzling over Rs 5 crore in government funds.
• The accused is a branch head of a small finance bank in Bhadrak district.
• The fraud targeted the Block Education Officer (BEO) office in Korei, Jajpur, resulting in a loss of Rs 5.56 crore.
• The officer committed the fraud with the help of his father, a retired headmaster re-engaged at the BEO.
• The father illegally accessed the Human Resource Management System (HRMS) and targeted IDs of 13 retired teachers over six years.