CBI registers case in alleged diversion of funds of over Rs. 200 crores of DUSIB
New Delhi, April 22
The Central Bureau of Investigation registered a case against Delhi Urban Shelter Improvement Board (DUSIB) and unknown officials of Bank of Baroda, Paharganj Branch for alleged diversion of funds of over Rs. 200 crores.
The CBI said that the unknown officials of DUSIB allegedly invested its surplus funds in the form of FDRs in different banks and diverted the same into suspected fake account/FDRs.
The CBI added that it was alleged that during the year 2020-2021, DUSIB has transferred money from five 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, officials said.
According to the CBI, 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.
The officials said that out of these, only three 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.
CBI conducted searches 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.
The CBI is further investigating the case.
