Forged signatures used to steal Housing funds

Hyderabad: It has now come to light that the frauds used forged documents and signatures to withdraw Rs 14 crore from the Housing department’s account at SBH. Added to the Rs 18 crore of the Singapore Township Ghatkesar branch, it has now been found that funds were also siphoned off from the Himayatnagar branch too, taking the total embezzlement to Rs 32 crore.

The AP state government has ordered a CID enquiry while the SBH had sought a CBI enquiry. The bureau has already started investigation.

According to Housing department officials, the department recently shifted the funds from Andhra Bank to SBH Himayatnagar and Singapore Township branches.

AP Chief Minister Chandrababu Naidu had ordered a CID enquiry when Housing department officials brought the fraud to his notice.

Meanwhile Housing department officials said that SBH officials have assured the state government to pay the Rs 32 crore that was withdrawn with forged documents.

 

 

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