Odisha Vigilance has arrested Fanindra Kumar Sahu, the former Managing Director of Jamankira Large-sized Agricultural Multi-Purpose Cooperative Society (LAMPCS) Ltd. in Sambalpur district, for allegedly misappropriating Rs79.28 lakh during the financial year 2021–22.
According to Vigilance officials, Sahu is accused of collecting loan repayment amounts directly from farmers but intentionally failing to record these receipts in the society’s Day Book, which serves as the primary register for daily financial transactions. This deliberate omission reportedly resulted in a significant financial shortfall in the cooperative’s accounts.
Investigators further alleged that to conceal the embezzlement, Sahu submitted forged loan repayment vouchers to the Sambalpur District Cooperative Central Bank (SDCC Bank), Jamankira Branch. These documents were purportedly validated using counterfeit seals crafted to resemble official bank authentication marks.
The irregularities surfaced during a detailed scrutiny of the society’s financial records, which revealed consistent discrepancies indicative of systematic financial manipulation. Following the findings, Odisha Vigilance registered Sambalpur Vigilance Police Station Case No. 29/2025 against Sahu.
The case has been filed under Section 13(2) read with Section 13(1)(a) of the Prevention of Corruption (Amendment) Act, 2018, along with Sections 468, 471, 477-A, and 409 of the Indian Penal Code, covering offences related to forgery, falsification of accounts, criminal breach of trust, and use of forged documents.
On Monday, Sahu was produced before the Court of the Special Judge, Vigilance, Sambalpur. Officials stated that the investigation is ongoing and further revelations regarding additional irregularities or involvement of other individuals cannot be ruled out.
