The police on Monday filed a Rs. 3-crore fraud case against SS Bohra, a former sarpanch of Wazirabad village, and an employee of Kotak Mahindra bank who have been accused of siphoning of government money.
The fraud took place four years ago when the Haryana government had ordered all village panchayats to open a fixed deposit account for better implementation of welfare measures.
The accused bank employee had opened a life insurance account in the sarpanch’s name instead of a fixed deposit and deposited the money in the account.
Inspector Naresh Kumar of the Civil Lines police station said, “We have registered a case of fraud and wrongful utilisation of state money against the accused. Also, we are conducting further investigations in the case.”
“Kotak Life Insurance lodged a police complaint with Subhash Place Police Station, Pitampura, New Delhi on August 22, 2012, when it sensed the possibility of fraud by Mr. Sube Singh, Sarpanch, Wazirabad Village Panchayat in connivance with an external life advisor and some front end employees who acted in unlawful manner, and no longer with the company, and, not by Kotak Life Insurance or by Kotak Mahindra Bank. As a goodwill gesture Kotak Life Insurance immediately refunded the entire premium received of Rs. 3 crores to Gurgaon Municipal Corporation”, Spokesperson, Kotak Mahindra Group said.