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Crime branch held PDD official for siphoning off over Rs 5 Cr

Press Trust of India  |  Srinagar 

An of and Power Development Department (PDD) was taken into custody by Crime Branch for allegedly siphoning off Rs 5.72 crore from a government account to 22 private belonging to him and his relatives.

"Mushtaq Ahmed Malik, in PDD, Electric Division Sumbal, has been taken into custody and is being questioned," a of the Crime Branch said.

Acting on a complaint received against Malik, the Crime Branch sleuths found that he had fraudulently drained an amount of Rs 5.72 crore from an account standing in the name of Electric Division Sumbal.

He transferred the said amount into 22 maintained and operated in his own name and that of his family members, the said.

The accused and his family members earned Rs 43.82 lakh as interest on the siphoned off public money in these bank accounts, which have now been frozen, the said.

He said a case under relevant sections of the Prevention of Corruption Act has been registered against the accused and more arrests are likely.

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

First Published: Wed, July 11 2018. 19:55 IST