Bank manager booked in disproportionate assets case
LUCKNOW, Sept. 24 -- The Uttar Pradesh Vigilance Establishment, Lucknow, registered an FIR against a manager of Uttar Pradesh Cooperative Gram Vikas Bank Limited, Lucknow, Subash Chandra for disproportionate assets, senior vigilance officials confirmed on Tuesday.
They said the open enquiry against him was conducted pursuant to orders from the Uttar Pradesh Government Vigilance Section-2, dated August 24, 2022. The investigation revealed a disproportionate expenditure of Rs.3,77,85,372.64, which is unexplained and deemed illicit following which a regular FIR was registered against the accused with the police of Vigilance Lucknow sector on September 19.
Sharing further details, the vigilance investigation revealed that Subhash Chandra earned a total income of Rs.2,52,45,552.88 from known and legitimate sources during the specified period but incurred an expenditure of Rs.6,30,30,925.52, resulting in an disproportionate expenditure of Rs.3,77,85,372.64. He said Chandra failed to provide a satisfactory explanation for the disproportionate expenditure and asset acquisition. He said the investigation found Chandra prima facie guilty of acquiring disproportionate assets. "His actions are considered criminal misconduct under Section 13(1)(b) of the Prevention of Corruption Act, 1988 (as amended in 2018) and punishable under Section 13(2) of the Act and hence FIR was lodged and further investigation is being done in matter," he explained. htc...
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