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CBI books a principal director CAG

A principal director in the Comptroller and Auditor General of India (CAG) has been booked by the CBI for allegedly diverting funds of the Coffee Board during her posting there.

india Updated: Sep 06, 2017 19:33 IST
Sharada Subramaniam, an Indian Audit and Accounts Service official, allegedly diverted Rs 16.2 crore of the Coffee Board into mutual fund causing a loss of Rs 53.3 lakh to the organisation and corresponding gain to herself during her posting as its Director.
Sharada Subramaniam, an Indian Audit and Accounts Service official, allegedly diverted Rs 16.2 crore of the Coffee Board into mutual fund causing a loss of Rs 53.3 lakh to the organisation and corresponding gain to herself during her posting as its Director.(HT File Photo)

A principal director in the Comptroller and Auditor General of India (CAG) has been booked by the CBI for allegedly diverting funds of the Coffee Board during her posting there.

Sharada Subramaniam, an Indian Audit and Accounts Service official, allegedly diverted Rs 16.2 crore of the Coffee Board into mutual fund causing a loss of Rs 53.3 lakh to the organisation and corresponding gain to herself during her posting as its Director, the CBI has alleged in the FIR.

Apart from her, Nagarajan, the then in-charge accounts officer of the Coffee Board, G Ananda, also in-charge accounts officer in the board, M Gururaj, managing partner of Green Homes and G S Financial Services and Sandeep Dash, ICAS, the then Finance Member, Bangalore Development Authority and husband of Subramaniam have also been booked by the CBI for allegedly acting in connivance.

The case pertains to the period between 1998 and 2003, the FIR registered on September 4 alleged.

Despite repeated calls, Subramaniam did not pick calls or responded to SMSes seeking her comments on the development.

Her personal biodata report given on the CAG website shows her “under suspension” from November 3, 2015.