Retd IAF officer arrested on charges of financial bungling

A retired Wing Commander of the Indian Air Force was today arrested on charges of financial bungling in the accounts of a society for jawans and their widows which was spearheading the agitation for 'One Rank One Pension'.
Wing Commander (retd) C K Sharma has been booked under sections 420 (cheating), 406 (punishment for criminal breach of trust) and 34 (acts done by several persons in furtherance of common intention) of IPC. He will be produced before a court tomorrow, police said.
An FIR was registered against Sharma on the directions of the magistrate following a complaint by Lt Gen (retd) Raj Kadiyan, the chairman of Indian Ex-Servicemen Movement (IESM), who had alleged the officer siphoned off Rs 14 lakh from the accounts of the organisation.

Police had registered a case against three persons on February 8 after Kadiyan in a complaint alleged that "they had taken a lot of cash from the society funds between January and July 2013".
The three -- Sharma, Maj Gen (retd) Satbir Singh and Group Capt (retd) V K Gandhi -- had recently moved a local court for anticipatory bail, but their plea was rejected.
The trio are the office bearers of IESM, formed in 2008. The society's account is being maintained in a private bank. Sharma held the post of Treasurer.