Former manager of a nationalised bank in Odisha s Kendrapara district was arrested for allegedly embezzling around Rs 1.5 crore, police said on Saturday. Manmohan Mohanty allegedly perpetrated the fraud when he was the manager of Canara Bank s Kakat branch in 2016, they said. Mohanty had sanctioned loans in the name of 14 account holders based on forged documents and cheques, said Jyotiranjan Samantray, the inspector of Kendrapara town police station. He was dismissed from service in 2018 after the fraud was detected by an audit squad of the bank, the police officer said. Police swung into action after a local businessman, Satyajit Das, complained, alleging that a sum of Rs 13 lakh was withdrawn from his account, he said.
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