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Ramakanta Biswas

Four persons have been dismissed from service for their alleged involvement in a loan fraud to the tune of Rs 1 crore at Gurudijhatia Cooperative society in Cuttack.

The move came hours after police arrested six persons in connection with the load irregularities at the Gurudijhatia cooperative society under Athagarh branch of Cuttack Central Cooperative Bank (CCB). 

Bijay Kumar Das (44), Secretary of Gurudijhatia Society and Prabodha Ranjan Parida (28), peon of cooperative society, who were earlier suspended from service after their involvement in the irregularities had come to light, have been sacked. Similarly, former branch manager of Cuttack CCB, Pramod Kumar Das and assistant manager Nalinikanta Acharya have been dismissed from service.

Moreover, former assistant manager of CCB's Athagarh branch, Jitendra Kumar Mohanty has been demoted to the post of banking assistant. 

The embezzled funds will be recovered five accused persons, said an official statement. 

Earlier in the day, six persons have been arrested in connection with the fraud.  

Choudwar SDPO Satyabrata Lenka, "There were allegations of misappropriation of funds in Gurudijhatia Service Cooperative Society by availing loans in the names of farmers. The deputy registrar of the cooperative society had lodged an FIR. Based on the FIR, the matter was inquired and evidence of the irregularities was found."

"Some staff of the cooperative society had misappropriated the money. Four Central Cooperative Bank (CCB) staff and two cooperative society staff have been arrested. They will be produced in court," he added. 

The accused have been charged with criminal conspiracy, misappropriation of funds and forging of government documents. 

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