Sanjeev Kumar Pradhan

Koraput: Three contractors of Hindustan aeronautics Limited (HAL) were arrested here on Saturday for their alleged involvement in financial irregularities to the tune of one crore.

The arrested contractors have been identified as Urdhab Khusla, G.Sudan Khusla and Sadananda Nayak.

Police suspect the trio of being involved in a financial irregularity of more than Rs 1 crore.

“Rs 45 lakh was fraudulently transferred to the bank accounts of the three contractors. HAL's senior manager (finance), Bhaben Maitra, who is still absconding, has embezzled the money,” said Sunabeda Sub Divisional Police Officer (SDPO), Niranjan Behera.

All the accused contractors have been arrested and they will be forwarded to court soon, Behera added.

Earlier, Maitra had fled last week after allegedly burning some official important documents and currency notes worth Rs 1.67 lakh. Police has meanwhile launched a manhunt to nab him.