BSNL Engineers Cooperative Society incurred Rs 260-cr loss: Report
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BSNL Engineers Cooperative Society incurred Rs 260-cr loss: Report

New Indian Express  

THIRUVANANTHAPURAM: The BSNL Engineers Cooperative Society has incurred a loss of Rs 260.18 crore due to unauthorised loans and fake investment documents, a cooperation department report on the alleged scam in the society has revealed. Since the society lacked proper records, the report was prepared by the investigating officer with information gleaned from the affidavits submitted by depositors. The report reveals that the perpetrators transferred depositors’ funds directly into their own accounts without recording them in the society’s register. Though fixed deposits amount to Rs 222.47 crore, this amount is missing from the society’s accounts as the accused misappropriated the funds.

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