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7 arrested in NGO siphoning off over Rs 300 cr govt money

Press Trust of India  |  Bhagalpur 

Seven persons, including a manager, and officials of district treasury were arrested today in connection with a city based siphoning off over Rs 300 crore money meant for various schemes. Inspector-General (IG) (Economic Offence Unit) Gangwar heading the probe into embezzlement said seven arrests have been made so far. Those arrested included manager of a bank, officials of NGO, stenographer of district magistrate and officials of district treasury. Probe into embezzlement of money is being done in great speed after had on Wednesday last flagged the issue. Three FIRs have been lodged against the office-bearers of the NGO, officials and employees without whose connivance, it was not possible to embezzle such a huge funds. Of the embezzled money of Rs 302.70 crore, the state had allocated Rs 270 crore for land acquisition, Rs 17.70 crore for urban development and Rs 15 crore belonged to district nazarat.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 19:22 IST