Purna Chandra Rath, Manager of Karam Chand Thapar & Brothers (Coal Sales) Limited's Paradip branch, was arrested in Kolkata while he was about to board a train to Mumbai, a senior Odisha police official said.
The Crime Branch had been probing into an allegation that Rath had committed a fraud of Rs 30 crore by producing false documents and preparing fake bills and cheques and transferred the money to his personal bank account.
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