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Chennai: Sub postmaster siphons off Rs 20 lakh

The Sub Postmaster allegedly allotted false account numbers to the customers who approached him to open accounts.

Chennai: Sleuths from the anti corruption branch of CBI, Chennai registered a case against a Sub Postmaster in Erode district who allegedly siphoned off Rs 20 lakh from post office savings of 26 depositors between 2014 and 2016.

The CBI believes that Siva Subramaniam, who was working as Sub Postmaster at Unjalaur sub post office under Erode head office, conspired along with a few others to cheat customers by not crediting their funds to the sub post office in their time deposit, saving bank and kisan vikas patra accounts and instead siphoned off the amounts. Siva Subramaniam was booked under various section of IPC including 420 (cheating) along with prevention of corruption act.

The Sub Postmaster allegedly allotted false account numbers to the customers who approached him to open accounts. He also closed the monthly income scheme accounts by forging the signature of the customers and also prematurely closed MIS accounts and siphoned off the amounts thereby causing a loss to the government exchequer to the tune of Rs 20 lakh, the CBI said.

Siva Subramaniam had cheated 16 saving bank account holders, 2 time deposit account holders, 5 kisan vikas patra holders and 3 MIS scheme account holders.
He had been cheating the depositors by either not crediting the cash in their respective accounts or by forged withdrawal. While one account holder lost Rs 4,000 to his designs, in another case the Sub Postmaster had fraudulently taken Rs 2.4 lakh from the account of another account holder who is no more.

( Source : Deccan Chronicle. )
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