Odisha Vigilance Arrests Former Jamankira LAMPCS MD for Rs 79 Lakh Loan Scam
Sambalpur, Odisha: Odisha Vigilance has arrested Fanindra Kumar Sahu, the former Managing Director of Jamankira Large-sized Agricultural Multi-Purpose Cooperative Society (LAMPCS) Ltd., on charges of embezzling approximately Rs 79.28 lakh during the financial year 2021–22.
Investigators allege that Sahu collected loan repayments directly from farmers but deliberately failed to record them in the society’s Day Book, creating a significant shortfall in accounts.
To cover up the fraud, he reportedly submitted fabricated repayment vouchers to the Sambalpur District Cooperative Central Bank (SDCC Bank), Jamankira Branch, using counterfeit seals to mimic official verification.
The discrepancies came to light after a detailed audit of the cooperative’s financial records, which revealed systematic manipulation.
Odisha Vigilance has registered Sambalpur Vigilance PS Case No. 29/2025 against Sahu under the Prevention of Corruption (Amendment) Act, 2018, along with multiple sections of the Indian Penal Code (IPC), including criminal breach of trust, forgery, and falsification of accounts.
Sahu was produced before the Court of Special Judge, Vigilance, Sambalpur, where further proceedings are underway. Officials have indicated that the investigation is ongoing and may expose additional irregularities or accomplices.
This case underscores growing concerns about fraud in cooperative societies, particularly those handling farmer loan repayments, and highlights Odisha Vigilance’s intensified crackdown on financial misconduct.
