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Three arrested for faking loot of money

Press Trust of India  |  Baripada (Odisha) 

Three persons, including two employees of a private bank, were arrested for allegedly misappropriating Rs 3.4 lakh in district, the police said.

The three were arrested yesterday after investigation showed that the two employees and their associate had misappropriate the money and made false claims in an FIR, said of Police

The accused were identified as manager of Manatri branch of Bandhan Bank, and of the bank, Sitaram Sahu and their associate Braja

Sahu had on April 5 lodged an FIR at station alleging that four unidentified persons looted Rs 3.4 lakh at gun point near Durgapur while he along with the branch manager was returning from Baripada Branch of the in a bike, he said.

However, investigation into the case showed that Sahu, along with the and Pradhan, had conspired and misappropriated the money, the SP said.

The entire sum of Rs 3.4 lakh was recovered from their possession.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 10:10 IST