Six Former Employees of OU Acquitted in 30 Year Old Fraud Case
Deccan ChronicleHyderabad: The Telangana High Court acquitted six former employees of Osmania University, who were accused of misappropriating varsity funds to the tune of Rs 1.50 crore during 1990-1993, by way of purchasing stationery and paying overtime allowances to employees. According to the records, the allegations were that Rs 31,83,765 was misappropriated in overtime allowance; Rs 19,91,922 for purchasing printing paper; Rs 20,10,090 for purchasing stationery; Rs 13,92,000 for the purchase of computer equipment and an unaccounted Rs 6,08,000 towards alleged payments for supply of computer equipment. The High Court, observed that in the absence of any proof and direct evidence against the accused apart from inferences drawn from the records there cannot be any conviction for the alleged offences. In the absence of any such proof, the question of these appellants abetting the former director in committing the alleged financial fraud would not arise”, the court said.
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Telangana High Court Acquits Six In 20-Yr-Old Case Involving Misappropriation Of Funds At Osmania University
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