Eventually, the amount was found to be not deposited in the account of the society.
The police have registered a case against the immediate president of the society Lakshmi Narayan Verma.
MG Road Police have registered a case under Section 420 on the complaint made by cooperative inspector NK Rathore. He made a complaint against director of the society Samshuddin Chisthi and Verma.
It is said in the case that Verma collected crores of rupees from the members in the name of capital, entrance fees, management fees and other criterions.
The members were given receipts also but the amount was not entered either in the cash book or in the account of the society.
This states that embezzlement of crores of rupees has been done. The department has received a copy of receipt number 252 in which an astounding amount of rs two lakh is mentioned. Also, an amount of Rs 3.81 lakh was mentioned in the receipt number 257.
The amount is neither present in the records of the society nor entry has been done in any of the receipt books.
Plots given on own will The report states that Verma in his work tenure violated the membership cum seniority list and gave away plots on his own will.
He booked plots in his own name and three other members of his family. He went against the rules and gave membership to his sons Ritesh and Jayesh when it is mentioned in the rules that minors cannot become members. He allotted a plot under IDA scheme 97( 4) plot number 104.
Plots given to 20 couples individually Verma not only violated but allotted plots particularly to husbands and wives on individual names.
A complaint was registered against 20 such husbands and wives. It is a rule that the plot allotment would be done only to one person- either husband or wife.
Embezzlement of Rs 8.5 lakh It is stated that Verma ended membership of 29 members in 2003- 04. An amount of Rs 7,03,880 had to be returned to the members but no such record has come up. No documentation or voucher was mentioned.
A stationary purchase of Rs 1,53,818 was not documented either in the same year. No vouchers were received for the payment. It can be stated that another embezzlement of Rs 8.5 lakh was done.
Employee stuck up only for Rs 18,000 A postal employee got stuck up in a case as he just signed on a cheque of Rs 18,000. Societys director Samshuddin Chisthi is also blamed in this case. He signed on a cheque along with Verma. The amount was withdrawn from the account of the bank.
All the frauds done by the society has come up during the audit. The time period considered was from 2003- 04 to 2005- 06. The auditors were Swarup Madhavacharya and BS Bhanwar.