Jharsuguda police arrest four for staging fake robbery to siphon cash

Police in Jharsuguda, Odisha, have arrested four individuals for allegedly staging a fake robbery to misappropriate funds from Radiant Cash Management Services Ltd. The primary suspect, cash executive Pinku Suna, claimed he was robbed of Rs 5,38,697 on August 18 while traveling to deposit client collections.

However, an investigation involving CCTV footage and technical analysis revealed the robbery was a pre-planned conspiracy. Authorities stated that Suna, who reportedly lost significant sums through online gambling, conspired with three associates—Manoj Nanda, Ravi Suna, and Anand Tandia—to siphon the money.

Police recovered Rs 4,89,700 in cash, along with mobile phones and motorcycles. The investigation revealed that some of the misappropriated funds had already been spent on online gambling, while other portions were hidden at a residence. A case has been registered at the Badamal police station, and further efforts are underway to trace the remaining financial trail.