Bhubaneswar, April 30 -- A Special Vigilance Court in Baripada on Thursday convicted three former officials of Baripada Urban Co-operative Bank and a loanee in a loan fraud case involving misappropriation of more than Rs 15.58 lakh in government funds.
The Special Judge, Vigilance, Baripada sentenced Asutosh Mohanty, former Branch Manager (disengaged) of Baripada Urban Co-operative Bank's Rairangpur branch, Kantilal Mugree, former Chief Executive (retired), Krupasindhu Mohanta, former President of the bank, and loanee Salil Agarwal of Rairangpur to three years of rigorous imprisonment along with a fine of Rs 30,000 each.
Odisha Vigilance had charge-sheeted the accused under Sections 13(2) read with 13(1)(c)(d) of the Prevention of Corrupt...