By TCN Staff Reporter,
Hyderabad: CID raided the Andhra Pradesh Minorities Finance Corporation (APMFC) office at the Haj House today and uncovered a 56 crore rupees scandal.
Around 2 p.m. in the afternoon sleuths of the CID raided the APMFC office. The raid continued till 6 p.m.
CID officials were acting on the complain of Dana Kishore, secretary minorities welfare department, who alleged that 55.47 crore is being withdrawn fraudulently from the APMFC account in Vijaya Bank, Koti branch, which was meant for scholarship distribution among backward class Muslim students.
APMFC had 80 crore fixed deposit amount in three different branches of Vijaya Bank in Hyderabad.
Bank officials informed the APMFC immediately as large sum of money was being withdrawn in last two days through 240 cheques and credited to the accounts of different institutions.
CID officials believe that a fake account in the name of APMFC accounts officer Ahmed Ali was opened to facilitate the fraud. Accountant Ahmed Ali has been suspended after the recommendation of CID on charges that he was not vigilant enough in his duties.
A criminal case No. 91/2012 has been registered by CID under different sections of I.P.C for criminal breach of trust, fraud, and criminal conspiracy. DSP CID (economic offences) A. Tirumala will head the probe.
CID officials have seized all the files and documents of accounts section in APMFC. CID officials have said that institutions involved in the scam are being identified and the main culprits will be arrested soon.
Meanwhile APMFC Chairman, IlyasRazvi maintained in the press conference that no employee from APMFC is involved in the scam, and that some middlemen whose services taken earlier for creating fixed deposits are involved in this fraud.