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The Narmada District police on Thursday detained two employees members of Writer Business Services Private Limited, a money administration firm, for the alleged theft of Rs 5.25 crore pertaining to the every day money assortment from the Statue of Unity and its allied tasks. The police is probing a grievance, filed by the supervisor of a Vadodara department of HDFC Bank at Kevadia police station, for the alleged siphoning off of the cash through the interval between October 2018 and March 2020.
Himkar Singh, Superintendent of Police (SP), Narmada District, confirmed to The Indian Express that two employees members of the gathering firm had been detained for questioning.
“We are questioning them for their role in the theft. They are collection agents, who visited the Statue of Unity multiple times during the period when the said crime took place… If there is evidence of their involvement in the theft, they will be arrested. The MoU between the bank and Writers Business anyway lays the onus on the latter, which has certain security amount deposited with HDFC. So Writer Business will foot the bill of this theft,” the SP mentioned.
The grievance filed late on November 30 mentioned that the financial institution has engaged Writer Business for providing doorstep money assortment facility to the Statue of Unity, which had offline ticket counters earlier than the Covid-19 lockdown for entry to varied tasks of the vacationer spot in addition to common parking prices.
The HDFC Bank has been offering providers for the money collected every day by the SoU administration at varied counters for offline ticketing and parking charges, and depositing it within the Statue of Unity checking account in its Vadodara department. The receipt of the money obtained is issued to the SoU administration and it’s periodically reconciled with the money deposit entries made within the account.
During the reconciliation carried out with the HDFC after the easing of Covid-19 curbs, SoU auditors observed that the receipts submitted by executives of Writer Business on behalf of the financial institution didn’t match with the precise entries into the account with an quantity of Rs 5.25 crore lacking.
An officer of the district police mentioned, “We have to tally a lot of records to ascertain the exact days when the theft has taken place as the period ranges from October 2018 to March 2020.” The receipts within the SoU information indicated that the agent of the HDFC Bank had been handed over the quantity.
Singh added, “There is also negligence on part of the bank and the local administration. Such kind of checks on daily cash collections should be done regularly, if not every day…”
According to Narmada District Collector DA Shah, who can be the CEO of SoU, HDFC Bank is solely liable for this transaction course of. A committee that met and scrutinised the information concluded that the theft occurred between the 2 monetary firms and, as per the settlement, HDFC Bank has credited the quantity to the SoU account together with the curiosity, whereas they’ll resolve their dispute with their agent.
The FIR, thus far, mentions “Staff of Writers Business Services Private Ltd”, because the accused and has been booked below Indian Penal Code Sections 406 (punishment for legal breach of belief) 407 (legal breach of belief by provider), 408 (legal breach of belief by clerk or servant), 409 (legal breach of belief by public servant, or by banker, service provider or agent), 420 (dishonest and dishonestly inducing supply of property), 418 (dishonest with information that wrongful loss might ensue to particular person whose curiosity offender is certain to guard), 120(B) (legal conspiracy).
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