Uttarakhand: 9 arrested for embezzling Rs 2.5 crore from private bus service company

Kotdwar (U'khand), Jun 19 (PTI) Nine functionaries of a leading private bus service firm here were arrested on charges of embezzling Rs 2.5 crore from the company's funds under different pretexts, officials said on Thursday.

The arrests were made on Wednesday following a complaint lodged in March by Vijaypal Singh, the current secretary of Garhwal Motor Owners Union Ltd, the police said.

In the complaint, Singh accused nine people, including GMOU's former chairman, manager and accountant of fraudulently withdrawing money in the name of various items.

Investigations into the case confirmed that the accused hatched a conspiracy and embezzled Rs 2 crore, Rs 48 lakh and Rs 43 thousand in the name of building construction, computer repair and maintenance and traffic arrangements in petrol pumps built in the name of dead persons.

In many cases, fake payments were allegedly made to fictitious persons.

Those arrested include former chairman of the company and main conspirator Jeet Singh Patwal, former managing director Usha Sajwan, former treasurer Ashwani Kumar Rawat, former assistant accounts officer Manjeet Saini, clerk Ashok Kumar, cashier assistant Mukesh Kumar, petrol section clerk Virendra Khantwal, accounts officer Rakesh Mohan Tyagi and acting cashier of the head office Rajesh Budakoti. PTI COR ALM ALM MPL MPL