Odisha Vigilance Arrests Bank Official and Father in ₹5.56 Crore Pension Scam
Bhubaneswar: Odisha Vigilance has arrested Matruprasad Mohanty, Branch Head of Jana Small Finance Bank in Bhadrak, for his alleged involvement in a pension fund embezzlement scheme.
His father, Pradip Kumar Mohanty, a retired headmaster re-engaged at the Block Education Office (BEO), has also been implicated.
Investigators revealed that over nearly six years (November 2018 – September 2024), pension bills worth Rs 5.56 crore were fraudulently processed in the names of 13 retired teachers.
Pradip Mohanty allegedly manipulated the HRMS system to mark these teachers as “active,” enabling the illegal disbursement of funds.
The siphoned money was routed through multiple accounts belonging to Pradip, Matruprasad, and other family members across SBI branches.
Vigilance has registered a case under the Prevention of Corruption Act, 2018, and relevant IPC sections.
Matruprasad has been arrested and produced before the court, while further investigation is underway to trace additional beneficiaries and recover the misappropriated funds.
