Ballari: Ballari police on Wednesday arrested the head accused in a Rs 16.17 crore monetary fraud within the Karnataka Industrial Areas Pattern Board (KIADB).
The fraud allegedly took station between 2022 and 2026 on the KIADB Ballari zonal station of business.
Contract workers, permanent staff and even bank personnel allegedly colluded to siphon off funds by forging signatures and transferring money from the Board’s account to unrelated accounts.
Per Ballari SP Suman D Pennekar, based on a criticism, the APMC police registered a case on March 19 below diversified provisions of the Bharatiya Nyaya Sanhita (BNS) and launched a probe.
On April 15, the essential accused, Santosh Kumar HV (33), an outsourced employee on the KIADB station of business and a resident of Cowl Bazaar in Ballari, became arrested by a bunch led by the APMC police inspector. It is some distance alleged that even after his dismissal about a months within the past, Santosh Kumar misused retained cheques to proceed the fraud.
Several people, including account holders and bank officers, are suspected to be troubled about the conspiracy, which led to heavy monetary loss to the Board.
He had been on the trudge since the case became registered. Police said further investigation is in growth.
The FIR registered on March 19 names six people, apart from as the supervisor and staff of a nationalized bank.
Predominant Correspondent with Deccan Tale, makes a speciality of covering Coastal and North Karnataka districts. His skills lies in Political Prognosis, and he holds a profound interest in human interest tales, ancient past and custom. Offering intensive protection, Gururaj explores diversified facets, including politics, environment, archaeology, civic issues, education apart from as crime.
