Bhubaneswar, May 22: Vigilance officials has arrested a Co-operative Society official on charges of embezzling Rs 75 lakh by manipulating official records, said an official release on Friday.
The accused identified as Tarini Prasad Tripathy, Managing Director of K. Singhpur Large Area Multi-Purpose Co-operative Society (LAMPCS) in Rayagada district. He was arrested on Thursday.
The Vigilance department’s investigation revealed that the fraudulent activity took place between 2024 and 2026.
“The accused Tripathy allegedly executed the fraud by systematically manipulating official records. Further, the investigation also established that the misappropriated amount of Rs 75 lakh comprised the direct savings and deposits of the primary members of the Co-operative Society, directly impacting local stakeholders who depend on the institution for financial security,” the Vigilance release stated.
A case has been registered against Tripathy by the Korapur vigilance wing.
“In this connection, Koraput Vigilance PS case No.8 dated 21.05.2026 U/s Prevention of Corruption Act, 2018/BNS, 2023 has been registered against Tarini Prasad Tripathy, Managing Director of K.Singhpur LAMPCS, Dist-Rayagada and he is being forwarded today to the Court,” it stated.
Investigation of the case under progress, it added.
