Jamshedpur, Feb. 25 -- In a major breakthrough, Chaibasa police have uncovered a massive fraud involving the embezzlement of Rs.1,58,96,800 (Rs.1 crore 58 lakh 96 thousand 800) from Kolhan University's Chaibasa branch. The fraudulent transactions were carried out through the unauthorized withdrawal of funds from the university's bank account by criminals using fake documents.
Following the revelation, a formal application was submitted at the Muffasil Police Station in Chaibasa, leading to the registration of Case No. 25/2025 dated 19-02-2025 under several sections of the Indian Penal Code (IPC), including 316(2), 318(4), 338, 336(3), 340(2), 341(1), and 61(1) as per the Jharkhand State Act, 2023.
Considering the gravity and complexity of...