CBI files case against unknown officials of Bank of Baroda and Delhi govt-run shelter improvement board for alleged misappropriation of funds.(Ramesh Pathania/MINT)
CBI files case against unknown officials of Bank of Baroda and Delhi govt-run shelter improvement board for alleged misappropriation of funds.(Ramesh Pathania/MINT)

CBI to probe 207 crore alleged ‘scam’ in DUSIB

The CBI conducted a surprise check at the accounts department of DUSIB on April 13 and found irregularities after scrutinising the documents.
By HT Correspondent, Hindustan Times, New Delhi
UPDATED ON APR 20, 2021 06:04 AM IST

The Central Bureau of Investigation (CBI) has registered a case against some unknown officials of Bank of Baroda and Delhi Urban Shelter Improvement Board (DUSIB) for alleged misappropriation of 207 crore, people familiar with the development said.

DUSIB is an autonomous body under the Delhi government. To be sure, the agency has not named any individual as accused in its First Information Report (FIR), registered on April 16 under sections related to forgery and criminal breach of trust.

The CBI conducted a surprise check at the accounts department of DUSIB on April 13 and found irregularities after scrutinising the documents.

It is alleged that DUSIB has invested its surplus funds in the form of fixed deposit receipts (FDRs) in different banks and diverted the same into suspected fake account/FDRs.

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In a statement, CBI spokesperson R C Joshi said, “It was alleged that during the year 2020-2021, DUSIB has transferred money from five different accounts of DUSIB maintained in Central Bank of India, Vikas Kutir, New Delhi to Bank of Baroda, Paharganj branch for the purpose of investing in FDRs, but the unknown officials of DUSIB in conspiracy with the unknown officials of Bank of Baroda diverted the said funds to the tune of 207.99 crore (approximately).”

A Delhi government spokesperson did not comment on the matter,

In a statement, DUSIB CEO Vijay Kumar Bidhuri said, “It’s a common practice in government departments to invest in FDs... This decision and procedure followed by the internal finance division is not directly handled by the CEO. Here, CBI is saying the FDs issued by Bank of Baroda are fake and only three are genuine. It’s a matter of investigation and DUSIB also wants that truth should come out at the earliest.”

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