CBI Publications DUSIB And Bank Of Baroda Officials Have Been Charged With Diverting Funds Worth More Than Rs 200 Crore.

Reference : Zee News

The Central Bureau of Investigation has registered a case in opposition to officers of Delhi Urban Shelter Improvement Board (DUSIB) and Bank of Baroda, Paharganj Branch, and different unknown men and women at the allegations of misappropriating budget amounting to over Rs 2 hundred crore.

The Delhi Urban Shelter Improvement Board (DUSIB), beneath the authorities of NCT of Delhi, has allegedly invested its surplus budget withinside the shape of FDRs in distinct banks and diverted the equal into suspected faux account/FDRs.

It changed into alleged that in the 12 months 2020-2021, DUSIB has transferred cash from 4 exclusive bills of the agency maintained in Central Bank of India, Vikas Kutir to Bank of Baroda, Paharganj department for the reason of making an investment in FDRs.

The unknown officers of DUSIB in conspiracy with the officers of Bank of Baroda diverted the stated budget to the music of Rs 207.99 crore.

It changed into in addition alleged that in place of issuing proper FDRs, the stated cash changed into diverted to an account withinside the call of a personal firm. It changed into additionally alleged that the cash changed into transferred to at least one faux account withinside the call of DUSIB in Bank of Baroda.

The cash transferred to the Bank of Baroda for the reason of creating FDRs changed into diverted via the faux account of DUSIB. The files supplied to DUSIB had been allegedly faux FDRs revealed on everyday paper.