Bhubaneswar, Nov. 6: Officials of the crime branch’s economic offences wing today arrested a suspended senior accountant of the Livestock Resources Development Society for forging its chief executive officer’s signature and trying to withdraw Rs 29 lakh.

The accused identified as Janaki Ballav Sahu, 43, forged the signature of Sanat Mishra to withdraw the account from Indian Bank at Manglabag in Cuttack on October 10.

On October 18 last year, Khandagiri police arrested Sahu for withdrawing Rs 78 lakh by forging Mishra’s signature.

“Sahu had forged the signature and tried to deposit a cheque and transfer Rs 29 lakh to his personal account. We are also investigating the role of the society’s other officials, who had supplied him the cheque,” said deputy inspector general of the wing Rajesh Kumar.

Another official said Sahu, a native of Nakhara on the city outskirts, was recently released on a bail.

The police said Sahu’s last fraud had come to light during audit, while sources said he landed in trouble when he had forgotten to take Rs 505. “While withdrawing the last amount of Rs 1,385,505 from a private bank on October 15 last year, he had forgotten to take Rs 505 with him. When one of the society’s employees visited the bank next day, the cashier told him to deliver Rs 505 to Sahu. Later, the authorities came to know about the transaction and Sahu was caught,” said a police official.

The police said the transactions had been done July and October last year. “He had purchased three cars for Rs 25 lakh and another Rs 38 lakh was deposited in his wife’s account,” said a police official.