Accountant Arrested for ₹4.29 Crore Fraud in Bokaro Police Salary Account
Bokaro treasury fraud: Accountant held for siphoning off ₹4.29 crore from police salary account
Hindustan Times
Image: Hindustan Times
An accountant with the Jharkhand Police, Kaushal Kumar Pandey, has been arrested for allegedly siphoning off ₹4.29 crore from the police salary account in Bokaro district, Jharkhand, India. The fraud was discovered after an inquiry revealed that the funds were withdrawn under the name of a retired havildar.
- 01Kaushal Kumar Pandey, the accused accountant, was arrested for fraudulently withdrawing ₹4.29 crore.
- 02The fraudulent withdrawals occurred 63 times over 25 months.
- 03Funds were transferred to an account belonging to Pandey's wife.
- 04The investigation revealed serious irregularities in the withdrawal process.
- 05Authorities have frozen the accounts involved and are seizing relevant documents.
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Kaushal Kumar Pandey, an accountant for the Jharkhand Police, was arrested for allegedly withdrawing ₹4.29 crore from the treasury's salary disbursement account in Bokaro district, Jharkhand, India. The fraud came to light when an inquiry was initiated following the discovery of an initial withdrawal of ₹3.15 crore. Pandey reportedly manipulated the e-Kuber Bill Management System to withdraw funds under the name of a retired havildar, Upendra Singh, who had retired in July 2016. Investigations revealed that the funds were transferred to an account belonging to Pandey's wife, Anu Pandey. The Deputy Commissioner, Ajay Nath Jha, has ordered the freezing of the involved bank accounts and the seizure of documents from the treasury office as the investigation continues.
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This incident raises concerns about the integrity of financial management within the police department, potentially affecting public trust.
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