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Hans India
7 days ago
- Hans India
‘Crorepati' engineer held on retirement day
Bhubaneswar: Odisha Vigilance arrested chief engineer Baikuntha Nath Sarangi on the last day of his service on Saturday for allegedly amassing assets disproportionate to his known sources of income. He was arrested a day after Rs 2.56 crore in cash was recovered and several immovable assets were detected during search operations on his premises. Sarangi was scheduled to retire on May 31 after 34 years of service in the State government as an engineer in Rural Works department. The Vigilance team had raided seven places linked to Sarangi on Friday. When the Vigilance sleuths reached his residence in Bhubaneswar, he had attempted to dispose of bundles of Rs 500 notes by throwing them out of the window of his flat. Apart from Rs 2.56 crore cash, the engineer was found in possession of two multi-storeyed buildings, two flats, seven high-value plots, bank deposits worth Rs 1.5 crore.
New Indian Express
7 days ago
- New Indian Express
Chief engineer rains cash from flat window during Vigilance raid, Rs 2.56 crore seized in Odisha
BHUBANESWAR: Starting with a salary of just Rs 2,000 as a stipendiary engineer in 1991, Baikuntha Nath Sarangi, now a chief engineer in Rural Works department, was found to have made a bounty of 10s of crores in his 34-year-long service as a Vigilance raid on Friday detected a cash stash of more than Rs 2.56 crore and at least Rs 15 lakh worth of property and assets in his possession. Such was the volume of the alleged unaccounted cash in his possession that he began to throw bundles of notes of Rs 500 denomination out of the window as soon as the anti-corruption agency's officers knocked at the door of his flat in Dumduma here. The officials then had to recover the cash bundles from the dumping spot. Out of the total cash, Rs 1.21 crore was found from his flat here and Rs 1.30 crore from his house in Angul. Vigilance officials had a tough time counting the cash at both the places. During the searches, he was also found in possession of a two-storey building spread over 3,200 sq ft at Karadagadia and a double-storey building over 1,000 sqft at Matia Sahi, both in Angul. The chief engineer also owns seven high-value plots in Bhubaneswar and Angul as well as one flat each in the capital city and Pipili. Vigilance also traced Sarangi's bank and insurance deposits to the tune of Rs 1.5 crore, investments in shares and mutual funds amounting to Rs 2.7 crore, gold ornaments weighing over 1.1 kg, household articles worth more than Rs 15.44 lakh and 15 expensive imported wrist watches. He has reportedly also spent a huge amount of money towards his daughter and son's dental and courses respectively in two private colleges here. On receiving allegations against Sarangi of amassing disproportionate assets, Vigilance officials carried out searches at seven locations linked to him in Bhubaneswar, Pipili and Angul.
