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Seed corporation official booked for misappropriating stock

Press Trust of India  |  Thane 

The city police has registered an offence against an of the State Seeds Corporation for allegedly misappropriating a seed stock and causing a loss of around Rs 15 lakh to the corporation. During an audit, it was found that a stock of around 426.9 quintals of seeds was allegedly misappropriated by the corporation's then sub-divisional for between 2014 and 2016, thus causing a loss of around Rs 15 lakh, police PRO Sukhada Narkar said. After the alleged wrongdoings came to light, the was suspended, police said. Following a complaint in the matter by the corporation, the here registered an offence against the under section 409 (criminal breach of trust) last evening, Narkar said. The State Seeds Corporation Ltd, popularly known by its brand name 'Mahabeej', is primarily engaged in production, processing and marketing of seeds of more than 50 crops and 250 varieties and hybrids of cereals, pulses, oilseeds, fibre crops, and others.

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

First Published: Mon, January 08 2018. 13:25 IST
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