Post News Network
Bhubaneswar, June 9: Sleuths of the Economic Offences Wing (EOW) of the crime branch Tuesday arrested an official of a private firm for misappropriating Rs30 crore of the company’s money.
Purna Chandra Rath, the administration manager of the Paradeep branch of Karam Chand Thapar and Brothers was arrested from Kolkata following a series of raids by the sleuths.
Rath, a native of Beguniapada in Ganjam district, was presently residing at CDA area of Cuttack. He was looking after the finance department of the company that was involved in the production and distribution of coal across the country.
Rath was booked under section 420 (cheating), 408 and 409 (criminal breach of trust), 467, 468 and 471 (forgery), and 120 (B) (criminal conspiracy) of IPC.
Two cases were lodged against Rath July 7 last year by the company’s officer in-charge Amit Kumar Choudhary. Rath was alleged to have colluded with Rakesh Kumar Chopra, another employee who was the authorized signatory at the bank, and others and diverted the company’s fund to his own account. Chopra was arrested by EOW January 10 this year. Investigation into the case is still on.
KCT deals with major companies of both the public and private sector and is responsible for the entire set of logistical operations involved in the movement of around 60 million metric tons of coal per annum through rail and sea routes.
