New Delhi: The Central Bureau of Investigation has registered a case towards officials of Delhi Urban Shelter Improvement Board (DUSIB) and Bank of Baroda, Paharganj Branch, and different unknown individuals on the allegations of misappropriating funds amounting to over Rs 200 crore.
The Delhi Urban Shelter Improvement Board (DUSIB), below the federal government of NCT of Delhi, has allegedly invested its surplus funds within the type of FDRs in numerous banks and diverted the identical into suspected faux account/FDRs.
It was alleged that through the 12 months 2020-2021, DUSIB has transferred cash from 4 completely different accounts of the organisation maintained in Central Bank of India, Vikas Kutir to Bank of Baroda, Paharganj department for the aim of investing in FDRs.
The unknown officials of DUSIB in conspiracy with the officials of Bank of Baroda diverted the mentioned funds to the tune of Rs 207.99 crore.
It was additional alleged that as a substitute of issuing real FDRs, the mentioned cash was diverted to an account within the identify of a personal agency. It was additionally alleged that the cash was transferred to at least one faux account within the identify of DUSIB in Bank of Baroda.
The cash transferred to the Bank of Baroda for the aim of making FDRs was diverted by way of the faux account of DUSIB. The paperwork offered to DUSIB have been allegedly faux FDRs printed on regular paper.
In whole, 112 paperwork (FDRs) to the tune of Rs 214 Crore got by the Bank to DUSIB. It was additional alleged that out of these, solely three FDRs amounting to over Rs 6 croe have been discovered to be real, the remainder of the FDRs have been suspected to be cast.
CBI performed searches on the workplace of DUSIB, Bank of Baroda and the residence of a Bank Manager. During searches, paperwork associated to the solid/faux FDRs have been recovered from the premises of the financial institution supervisor.
