Police said they have launched searches, but could not trace her.
The judicial magistrate court has issued the warrants following recovery of Rs 21.9 lakh from a city hotel on April 7 and a CCTV purportedly showed Khalkho, and others going inside the hotel that day.
The police have lodged an FIR naming Khalkho, Sudhir Kumar Sahu and a local Congress leader Niranjan Shah.
While Sahu and Shah were arrested and produced before the court on April 9, Khalkho was still absconding, the police said.
Khalkho has recently joined the Congress party.
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