Employees Of Post Offices Misused Public Funds Of 95.62 Crores Now Recovery Will Be Done

Post Office Savings Scheme : If you are a customer...

Post Office Savings Scheme : If you are a customer of Indian Post Office, then there is important news for you. The Comptroller and Auditor General (CAG) has issued a shocking report. According to the CAG report, the employees of the post office i.e. post offices have misused public funds of Rs 95.62 crore between November 2002 and September 2021. This is big news for those investing in the post office savings scheme. The post office savings scheme is quite safe, so such an incident can shock the customers.

post office is safe scheme
Post office is considered to be the safest investment. The post office is the oldest and largest banking system in the country. This system caters to the investment needs of urban and rural customers through schemes like Savings Bank, Recurring Deposit, Time Deposit, National Savings Certificate, Kisan Vikas Patra, PF, Monthly Income Account Scheme, Sukanya Samriddhi Yojana, and Senior Citizens Savings Scheme. . The same Department of Posts (DOP) provides these services on an agency basis to the Ministry of Finance.

what is report
Let us tell you that in the CAG Audit Report on Finance and Communications tabled in Parliament, it has been said that postal workers in 5 circles made fake withdrawals of Rs 62.05 crore from fake accounts. Showed them active with fake balance and then closed. Cash deposits of Rs 9.16 crore by customers in 8 circles were recorded in passbooks but not deposited in their post office accounts.

Fraud happened in 4 circles
The postal workers took the money back. In 4 circles, fraudulent withdrawal of Rs 4.08 crore from savings accounts of customers with fake sign/thumb impressions done by postal workers. There were cases of unauthorized use of user ID and password by other postal workers or outsiders. Due to this fraud of Rs 3 crore took place in 4 circles. Postal workers opened fake deposits of Rs 1.35 crore in 2 circles with the connivance of outsiders, which have since been withdrawn.

CAG gave information
After this embezzlement of post office employees, the CAG said that out of fraud / rigging of Rs 95.62 crore, the postal department has recovered Rs 14.39 crore (including penalty / interest of Rs 40.85 lakh) from the concerned persons. That is, Rs 81.64 crore is to be recovered. Soon it will also be recovered.

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