The State Vigilance authorities on Thursday apprehended Rasananda Kar, Block Education Officer (BEO) of Daringbadi in Kandhamal district, for allegedly siphoning off Rs 20 lakh from the teachers’ pension scheme.
As per reports, the accused diverted the amount from the National Pension System (NPS) of teachers into his personal account and subsequently invested the money in the stock market in two phases starting in January.
The anti-corruption agency had been monitoring the BEO’s activity for several months over suspicion of his misusing government funds.
He was questioned by the investigators after his arrest.
The Vigilance officials are delving into how Rasananda managed to transfer such a substantial sum into his account and whether others as accomplices were involved in the process.
