Probe Company Recordsdata Fee Sheet Towards Ex-Worker Of LIC For Fraud
Probe Company Recordsdata Fee Sheet Towards Ex-Worker Of LIC For Fraud
New Delhi:
The Enforcement Directorate (ED) has filed a price sheet towards a former Lifestyles Insurance coverage Company (LIC) worker based totally in Andhra Pradesh in a cash laundering case related to alleged misappropriation of Rs 1.82 crore.
The central investigative company issued a observation to mention that the prosecution grievance or the price sheet has been filed towards Dharavathu Sakru ahead of a unique courtroom in Vishakhapatnam that tries circumstances below prison sections of the Prevention of Cash Laundering Act (PMLA).
It mentioned the alleged siphoning of price range was once accomplished when Sakru was once hired as an assistant (upper grade) on the Jaggaiahpet department of LIC in Krishna district of Andhra Pradesh.
The company took cognisance of a state police FIR towards Sakru that alleged “misappropriation of LIC price range to the level of Rs 1.05 crore” and a 2014 CBI FIR towards him for purported monetary irregularities of Rs 77 lakh of the nationwide insurer.
“Jointly D Sakru had defrauded LIC to the music of Rs 1.82 crore,” the ED mentioned.
“Sakru hatched a conspiracy to siphon off LIC price range. All the way through the length from 2002-2013, in two other circumstances he misused his privileges and illegally issued cheques/call for drafts fraudulently within the names of his acquaintances and transferred LIC price range to their accounts and therefore gathered those quantities from the account holders.”
“The ex-LIC worker layered the proceeds of crime into a couple of accounts to steer clear of detection,” the ED alleged.
The diverted price range have been utilized by him both “to settle his pending dues of the chilli business or at once withdrawn in money and brought over from the checking account holders.”
The ED alleged Sakru generated proceeds of crime of Rs 1.82 crore the usage of the modus operandi.
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