Bus Service Scandal: Embezzlement Scheme Unveiled
A significant embezzlement scandal has been uncovered at a leading bus service firm, resulting in the arrest of nine individuals. The accused, including high-ranking former officials, allegedly withdrew funds under fraudulent pretenses, amassing a total of Rs 2.5 crore. Investigations revealed extensive misappropriation through fake payments.
- Country:
- India
A major scandal has emerged within a prominent private bus service company, where nine individuals have been apprehended for embezzling Rs 2.5 crore under various guises, according to officials.
These arrests follow a complaint filed in March by Vijaypal Singh, the current secretary of Garhwal Motor Owners Union Ltd, leading to the detention of key figures such as the former chairman and managing director.
Investigations unearthed a conspiracy involving fraudulent withdrawals under fictitious names, revealing an intricate web of deceit involving false documentation and bogus payments.
(With inputs from agencies.)
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