Punjab VB unearths Rs 7 crore scam in agricultural society: The Tribune India
Jalandhar, August 29
The Vigilance Bureau, Punjab uncovered a scam to the tune of Rs 7 crore in Karnana Multipurpose Agricultural Service Society Limited, Karnana village, Nawanshahr and registered a case against seven officials at VB police station in Jalandhar. The bureau also arrested five defendants in the case.
Jalandhar SSP, Vigilance Bureau, Diljinder Singh Dhillon said while investigating the accounts of the company, it emerged that a scam amounting to Rs 7,14,07,596.23 was colluded with employees of the cooperative society.
There are around 1000 account holders or members in the said company. This company operates an Indian Oil gas pump, tractor and farm implements to plow a large amount of farmland. Apart from this, the company sells fertilizers and pesticides to farmers and a total of six employees work in different locations of the company.
Dhillon said that after investigating the matter, it emerged that the NRIs and residents of Karnana village had obtained the FDRs worth several million rupees in the name of the company. The then secretary Inderjit Dhir who was also the cashier earlier embezzled millions of rupees by setting limits etc on the said FDRs in collusion with the then president Randhir Singh and the current Cashier Harpreet Singh.
The SSP said during the review of records by the technical team from April 1, 2018 to March 31, 2020, loans taken by members of the society and member deposits amounting to more than Rs 7 crore were found.
have been diverted. Give the details of the scam, he informed that during the investigation it was found that two computers were installed in the company by Dhir. While one computer showed records to members to satisfy them on their deposit entries, the other was used to feed data based on the amount of fraud committed for verification by the audit team and other officials.
Based on the investigation, it was established that Inderjit, Harpreet, Randhir, company vice president Sukhwinder Singh and company members Ravinder Singh, Mahinder Lal and Kamaljit Singh, all residents of Karnana village connivance, committed the fraud. .
The SSP declared that a case under sections 406, 409, 420, 465, 468, 471, 477-A and 120-B of the IPC and sections 13(1) and 13(2) of the on the prevention of corruption had been recorded in Jalandhar.
Defendants Randhir, Sukhwinder, Ravinder, Mahinder and Kamaljit were arrested. Further investigation into this case is ongoing.