India, Feb. 8 -- The Economic Offences Wing (EOW), Odisha, arrested two ex-officials of Gandhamardhan Loading Agency & Transporting Cooperative Society Ltd. in Keonjhar for allegedly committing fraud and misappropriating Rs 40 to Rs 50 crore.

The accused have been identified as Manas Ranjan Barik, ex-President and Utkal Das, secretary of Gandhamardhan Loading Agency & Transporting Cooperative Society Ltd.

Registered in 2006, Gandhamardhan Loading Agency & Transporting Cooperative Society Ltd is engaged in loading iron ore from the mines in Keonjhar with the objectives of the economic betterment of the inhabitants of the mining affected areas from the profit made by the Society.

As per EOW, from 2017-18 to 2023- 24, the operation of the...