The Probe Begins – The New Indian Express

By Express press service

JAJPUR: Police on Monday opened an investigation into embezzlement of funds worth Rs 1 crore from several Women Self Help Groups (SHGs) at Endalaba panchayat under Dharmasala block of Jajpur district, allegedly by a correspondent from bank.

After at least 15 complaints were lodged against correspondent bank Indumati Prusty by SHG women, Jenapur police swung into action. The SHGs alleged that Prusty misappropriated their funds under the guise of depositing them into their respective bank loan accounts.

After registering a case, Jenapur IIC Umakanta Nayak opened an investigation into the case on Monday. Nayak checked the SHGs’ documents, their transaction history, and recorded statements from the SHGs’ office staff. The SII will visit the Odisha Gramya Bank, branch of Kabaatabandha where Prusty works. “Investigation reveals that the bank’s correspondent embezzled money from the SHG,” the IIC said, adding that Prusty was on the run.

“The exact amount of money embezzled will soon be known,” he added. Sources said that up to 80 SHG women from the Endalaba panchayat had benefited from loans from the Odisha Gramya Bank, branch of Kabatabandha under the Mission Shakti scheme. As the branch is more than 10 km from the panchayat, the SHGs used to pay their monthly loan installments to Prusty to deposit into their respective loan accounts. When the SHG office members demanded a receipt for the money, the bank correspondent bought time citing different reasons.

Instead of depositing the money worth around Rs 1 crore into their loan accounts, Prusty allegedly embezzled it. The matter arose after the bank branch issued notices of default to payees.

JAJPUR: Police on Monday opened an investigation into embezzlement of funds worth Rs 1 crore from several Women Self Help Groups (SHGs) at Endalaba panchayat under Dharmasala block of Jajpur district, allegedly by a correspondent from bank. After at least 15 complaints were lodged against correspondent bank Indumati Prusty by SHG women, Jenapur police swung into action. The SHGs alleged that Prusty misappropriated their funds under the guise of depositing them into their respective bank loan accounts. After registering a case, Jenapur IIC Umakanta Nayak opened an investigation into the case on Monday. Nayak checked the SHGs’ documents, their transaction history, and recorded statements from the SHGs’ office staff. The SII will visit the Odisha Gramya Bank, branch of Kabaatabandha where Prusty works. “Investigation reveals that the bank’s correspondent embezzled money from the SHG,” the IIC said, adding that Prusty was on the run. “The exact amount of money embezzled will soon be known,” he added. Sources said that up to 80 SHG women from the Endalaba panchayat had benefited from loans from the Odisha Gramya Bank, branch of Kabatabandha under the Mission Shakti scheme. As the branch is more than 10 km from the panchayat, the SHGs used to pay their monthly loan installments to Prusty to deposit into their respective loan accounts. When the SHG office members demanded a receipt for the money, the bank correspondent bought time citing different reasons. Instead of depositing the money worth around Rs 1 crore into their loan accounts, Prusty allegedly embezzled it. The matter arose after the bank branch issued default notices to payees.

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