Three KSRTC officers in dock for exchange of demonetised notes in Kerala

Three officers of a KSRTC depot are in trouble for allegedly using the corporation’s bank account to exchange banned notes during the demonetisation period.

KOCHI: Three officers of a KSRTC depot are in trouble for allegedly using the corporation’s bank account to exchange banned notes during the demonetisation period.

The Vigilance and Anti-Corruption Bureau, (VACB) Special Cell, Ernakulam, has registered an FIR against the trio based on a directive from the Vigilance Court, Muvattupuzha.

The FIR registered by VACB has arraigned cash superintendent Manjula Iype and junior assistants Sulfith A T and Suhara P I, all working with the KSRTC Muvattupuzha depot.

The case was registered under section 13(1) and 13(2) of the Prevention of Corruption Act.

VACB’s FIR states the accused were also office-bearers of KSRTC Employees’ Cooperative Society, Muvattupuzha.

They allegedly exchanged demonetised notes with the Cooperative Society using the daily collection of the KSRTC depot.  This demonetised currency was then remitted in the official bank account of the KSRTC.
A quick verification by the VACB found an increase of 1,180 notes of the 500 denomination at the scroll-writing stage from the way-bills of the conductors.

There was also an increase of 893 currencies notes of the Rs 500 denomination before the bank challan was prepared.

There was an increase of 682 pieces of Rs 1,000 notes at the scroll-writing stage and an increase of 222 currencies of Rs 1,000 before the bank challan was prepared.

The report revealed there was a difference to the tune of `19,40,500 between the demonetised currency received by the conductors as per the way bills and the challans by which the notes were remitted at SBT, Muvattupuzha Branch.

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