Bhubaneswar, May 22: In a major action against alleged financial irregularities in cooperative institutions, Odisha Vigilance has arrested Tarini Prasad Tripathy, Managing Director of K. Singhpur Large Area Multi-Purpose Co-operative Society (LAMPCS) in Rayagada, for allegedly embezzling around Rs 75 lakh from the society.

According to Vigilance officials, Tripathy was taken into custody on May 21, 2026 following an investigation into large-scale financial misappropriation within the cooperative body. The alleged fraud reportedly took place between 2024 and 2026 through systematic manipulation of official records, accounts and financial documents.

Investigators revealed that the siphoned funds mainly belonged to the savings and deposits of ordinary members associated with the cooperative society. The alleged embezzlement has caused significant financial distress to local depositors and stakeholders who depended on the institution for their savings and financial support.

A case has been registered against Tripathy at Koraput Vigilance Police Station under provisions of the Prevention of Corruption Act, 2018 along with relevant sections of the Bharatiya Nyaya Sanhita (BNS), 2023.

The accused was produced before the court on Thursday and later remanded to judicial custody. Vigilance officials said further investigation into the case is currently underway.

Powered by Froala Editor