CBI probing Rs 5-crore fraud in Karnataka State Handicrafts Development Corporation
New Delhi: The CBI has started an investigation into alleged embezzlement of Rs 5 crore in Karnataka State Handicrafts Development Corporation (KSHDC) in connivance with an official of the State Bank of India, officials said Monday.
The CBI has registered the FIR on a complaint from the chief manager of SBI alleging that an assistant manager had opened a current account number -- 7828879815 -- of KSHDC, on its application, at Hesarghatta Road Branch.
The complaint alleged that Sateesh V Vambhashe, the then assistant manager at the bank, fraudulently opened one more account in the name of KSHDC 37830657832 under the same Customer Information File without any authorization from the KSHDC to facilitate the illegal transfer of funds.
On July 26, 2018, an inward remittance of Rs 5.01 crore came to the authentic KSHDC account from Canara Bank which was fraudulently transferred to the similar account created by Vambhashe, it alleged.
An amount of Rs 25 lakh was further transferred into a fixed deposit while the balance was transferred in 12 transactions over two months to accounts of Velohar Infra Pvt Ltd and Venture Cottage Industrial Trade Company based on purported cheques issued by KSHDC signed by their Assistant (Finance), it alleged.
The manager fraudulently issued a letter to KSHDC that fixed deposit receipt was verified and genuine and maturity amount of over Rs 5.37 crore would be paid back to them whereas in the core banking system of the bank the FD was issued for only Rs 25 lakh.
"Sateesh Vambhashe has allegedly committed falsification of accounts and colluded with KSHDC officials to unauthorisedly divert funds to the tune of Rs 4.76 crore by transferring through RTGS to different suspicious accounts," the FIR alleged.
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Attacks on Christians contradict PM's message of harmony, visit to church: Gehlot
Jaipur (PTI): Former Rajasthan chief minister Ashok Gehlot on Thursday expressed concern over the reported attacks and disruptions in prayer gatherings of the Christian community in different parts of the country, saying such incidents were "worrying and condemnable".
In a post on X, Gehlot said that while the Prime Minister Narendra Modi was visiting a church and giving a message of peace and harmony, news of attacks on members of the Christian community from various regions reflected a serious contradiction.
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"Symbolic gestures would not be enough, and strict legal action was required against those spreading hatred," the senior Congress leader said.
He added that Indian culture has always upheld the spirit of "Vasudhaiva Kutumbakam", where every citizen has full freedom to practise their faith.
Gehlot urged the Centre and state governments to uphold the rule of law and ensure that no citizen is forced to celebrate their festival under fear.
