Coins worth over Rs 14 lakh have allegedly gone missing from the treasury of a nationalised bank in Odisha’s Jagatsinghpur district.

Coins in the denominations from Re 1 to Rs 5 have allegedly disappeared over four years since 2016 from the treasury of Union Bank of India’s Paradeepgarh branch in Jagatsinghpur district, around 100km from here.

The new branch manager, Santosh Kumar, who joined on January 25, was the first to raise an alarm about the disappearance and informed his superiors.

Police sources said Kumar came to know about the missing coins during an internal audit. It was discovered that coins (around 3 lakh) worth Rs 14,86,780 lakh were missing but branch officials had never raised an alarm. None of the bank officials were able to give a clear picture about the missing coins despite repeated queries from Kumar.

After Kumar lodged an FIR, a case has been registered against four former bank employees, including two former managers of the branch.

The case has been registered under IPC Sections 420 (cheating), 409 (criminal breach of trust by a public servant, banker, merchant or agent) and 34 ( acts done by several in furtherance of common intention).

Inspector Pravash Chandra Sahu said: “A probe into the incident has already begun and we will crack the case soon.”