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Police in Narmada District, Gujarat, have filed a complaint against a treasury management company, Writer Business Services Pvt Ltd, for alleged theft of 5.25 crore from the Statue of the Queen’s fundraising account. ‘unit (SoU).
The complaint against the company was filed on Monday by the director of HDFC Bank, Vadodara Branch, at Kevadiya Police Station, saying the money was embezzled between October 2018 and March 2020, the Indian Express reported. .
The police took note of the complaint and opened an investigation into the financial transactions of the SoU.
HDFC Bank, which provided services for cash collection, had contracted out the home cash collection facility for offline tickets and parking fees to Writers Business Services. Receipts for cash received are issued to the Statue of Unity administration and are regularly matched with cash deposit entries in the bank account, an SoU official told media.
When matching the entries, SoU’s auditors found discrepancies between the receipts submitted by the company and the bank’s entries. An amount of ₹ 5.25 crore was missing; however, company receipts showed that the money had been returned to the bank.
The bank launched an investigation after being made aware of the currency divergence.
A committee made up of district administration officials, HDFC Bank and SoU was formed to review the files. The committee concluded that the money had been returned to the bank.
Narmada district collector and CEO of the statue, DA Shah, said the HDFC bank employed Writer Business for the money collection and the administration of the tourist spot was not involved. He said it was purely an “internal arrangement” and had nothing to do with the SoU administration.
“HDFC Bank is solely responsible for this transaction. So, according to the agreement, the bank has credited the amount in the Statue of Unity account with interest, while it will resolve its dispute with its agent,” Shah said. .
Kevadiya Police Superintendent Vani Doodhat said police were reviewing transaction slips and other documents provided by the SoU and would call company staff for questioning, after identifying the employees who handed over the money. during this period.
Writer Business has been convicted under various sections of the Indian Penal Code (IPC) for cheating, intimidation, criminal association and criminal breach of trust, according to media reports.
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