Bhubaneswar, May 22 -- OdishaVigilance on Friday arrested the managing director of a Large Area Multi-Purpose Co-operative Society (LAMPCS) in Rayagada district for allegedly embezzling Rs 75 lakh from the institution's funds. The arrest was made following an investigation into financial irregularities spanning two years.

The accused, Tarini Prasad Tripathy, Managing Director of K. Singhpur LAMPCS, was arrested after a detailed verification of records allegedly revealed large-scale manipulation of official documents and misappropriation of society funds.

Sources said the amount involved comprised savings and deposits belonging to primary members of the co-operative society.

According to Odisha Vigilance, documentary verification establ...