Youth squanders company’s money in online gaming & fakes loot, held 

The Cuttack-Bhubaneswar Commissionerate Police on Tuesday arrested an agent of ITC company who had faked a ‘money loot’ story after squandering the company’s money in gambling. Three others involved in the ‘fake loot’ plan were also arrested.

Police have also recovered Rs 33,000 cash from the accused.

As per reports, the youth, identified as Jayant Kumar Sahoo, had collected Rs 3.33 lakh from clients of the company. However, he did not deposit the money in the bank accounts of the company. He invested the money in online gambling and reportedly lost it all. 

After spending the money, he thought of orchestrating a loot drama. Later, he along with three of his friends filed a police complaint that Rs 3.3 lakh collected from ITC clients was robbed off from him.

Addressing a presser in Bhubaneswar, ACP (Zone-3) Pradip Kumar Rout, said that police were investigating the complaints from various angles. “We also checked CCTV footage in the area where the loot was allegedly committed. We subjected the complainant Jayant Kumar Sahoo to sustained interrogation. During interrogation, we smelt something fishy in the matter,” the ACP added.

Rout further stated that Jayant’s statements were inconsistent. “Police further grilled him, and he finally spilled the beans – how he squandered the collected fund in an online game and faked a story about loot,” the ACP said.