CBI has unearthed an Rs.207 crore scam in the DUSIB chaired by Kejriwal
Delhi Chief Minister Arvind Kejriwal headed Delhi Urban Shelter Improvement Board (DUSIB) in CBI (Central Bureau of Investigation) radar for misappropriating Rs.207 crore to fake accounts of Bank of Baroda (BoB). The CBI has unearthed an Rs.207 crore scam in the DUSIB chaired by the chief minister wherein its funds were transferred to a “fake” account in the Bank of Baroda. The agency carried out searches at the office and residence of Bank of Baroda’s Patparganj branch manager on Saturday. Interestingly Deputy Chief Minister Manish Sisodia is elected from the Patparganj assembly constituency.
The scam surfaced during a recent joint surprise check conducted by the CBI which has registered a case against unidentified officials of DUSIB and BOB, said CBI investigators. The check conducted at the accounts section of the DUSIB head office showed that 112 fixed deposits (FD) worth Rs.214 crore were opened at the Patparganj branch of Bank of Baroda between September 1, 2020, and March 31, 2021, they said. The amount was taken out from five accounts of DUSIB at Central Bank of India to two accounts at BoB to create these fixed deposits, they said.
The money transferred to the Bank of Baroda for the purpose of making FDRs was diverted through the fake account of DUSIB. The documents provided to DUSIB were allegedly fake FDRs printed on normal paper.
Shockingly, many FD receipts are printed on just an A4 sheet of paper and not on security paper. The documents showed that only three fixed deposits worth over Rs.6.01 crore have been issued in the name of DUSIB, while 109 fixed deposits worth over Rs.207 crore are “fake securities” and the money has been misappropriated, said CBI. The agency also found out that DUSIB maintains all its accounts in the Central Bank of India and the account in BoB was not opened by it or with its authority.
The account was opened in October 2020 showing DUSIB as a company, even though it is a board, on the basis of documents which prima facie do not look genuine, said CBI
“The Central Bureau of Investigation has registered a case against unknown officials of Delhi Urban Shelter Improvement Board (DUSIB), Unknown officials of Bank of Baroda, Paharganj Branch, New Delhi and other unknown persons on the allegations that Delhi Urban Shelter Improvement Board (DUSIB), under the government of NCT of Delhi, has invested its surplus funds in the form of FDRs in different banks and diverted the same into suspected fake account/ FDRs.
“It was alleged that during the year 2020-2021, DUSIB has transferred money from 5 different accounts of DUSIB maintained in Central Bank of India, Vikas Kutir, New Delhi to Bank of Baroda, Paharganj branch, New Delhi for the purpose of investing in FDRs, but the unknown officials of DUSIB in conspiracy with the unknown officials of Bank of Baroda, Paharganj Branch, New Delhi diverted the said funds to the tune of Rs.207.99 crore (approx). It was further alleged that instead of issuing genuine FDRs, the said money was diverted to an account in the name of a private firm. It was also alleged that the money was transferred to one fake account in the name of DUSIB in Bank of Baroda, Paharganj Branch, New Delhi. The money transferred to the Bank of Baroda for the purpose of making FDRs was diverted through the fake account of DUSIB. The documents provided to DUSIB were allegedly fake FDRs printed on normal paper. In total, 112 documents (FDRs) to the tune of Rs.214 Crore (approx) were given by the Bank to DUSIB. It was further alleged that out of these, only 03 amounting to Rs.6,01,59,735/- were found to be genuine in the name of the DUSIB, rest of the 109 FDRs were suspected to be forged,” said CBI detailing the money siphoning in DUSIB headed by Chief Minister Kejriwal.
Searches were conducted at the office of DUSIB, Bank of Baroda and the residence of a Bank Manager. During searches documents related to the forged/ fake FDRs were recovered from the premises of the bank manager, said CBI.
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