DVAC books first demonetisation case, TNSTC staff found to have exchanged small change worth Rs 25 lakh to Rs 500 and Rs 1000 notes
TNN | Jul 31, 2018, 12.48 AM ISTChennai:
The Directorate of Vigilance and Anti-Corruption (DVAC) on Friday registered its first case pertaining to demonetisation of Rs 500 and Rs 1,000 notes in November 2016. A senior grade conductor an accounts superintendent and a branch manager of Tamil Nadu State Transport Corporation (TNSTC)’s Dindigul branch have been booked for a scam where Rs 25 lakhs collected in lower denominations was changed into Rs 500 and Rs 1000 by the employees during the period.
Ministry of Finance had issued a notification on November 8 that bank notes of Rs 500 and Rs 1,000 would not be legal tender from the next day. Certain establishments handling cash were directed to maintain complete record of stock and sale transactions made with specified bank notes between November 9-11, 2016.
TNSTC had directed that all conductors should make an invoice about the receipt of Rs 500 and Rs 1000 notes till November 11 and get it signed by branch managers.
An enquiry revealed that conductors collected only lower denomination currencies like Rs 5,10, 20, 50 and Rs 100 for cost of tickets and handed over the sum to Alakesan, the senior grade conductor and cashier. He was given a sum of Rs 25.46 lakh in these denominations.
DVAC said he violated the directives and changed it into Rs 500 and Rs 1,000, depositing it in the bank, stating as if it were collected from passengers. Senior superintendent Vellaichamy and branch manager Balusamy also connived with him, DVAC said. Vouchers and other records were forged, DVAC said. The trio have been booked under corruption, forgery and cheating sections
TNN | Jul 31, 2018, 12.48 AM ISTChennai:
The Directorate of Vigilance and Anti-Corruption (DVAC) on Friday registered its first case pertaining to demonetisation of Rs 500 and Rs 1,000 notes in November 2016. A senior grade conductor an accounts superintendent and a branch manager of Tamil Nadu State Transport Corporation (TNSTC)’s Dindigul branch have been booked for a scam where Rs 25 lakhs collected in lower denominations was changed into Rs 500 and Rs 1000 by the employees during the period.
Ministry of Finance had issued a notification on November 8 that bank notes of Rs 500 and Rs 1,000 would not be legal tender from the next day. Certain establishments handling cash were directed to maintain complete record of stock and sale transactions made with specified bank notes between November 9-11, 2016.
TNSTC had directed that all conductors should make an invoice about the receipt of Rs 500 and Rs 1000 notes till November 11 and get it signed by branch managers.
An enquiry revealed that conductors collected only lower denomination currencies like Rs 5,10, 20, 50 and Rs 100 for cost of tickets and handed over the sum to Alakesan, the senior grade conductor and cashier. He was given a sum of Rs 25.46 lakh in these denominations.
DVAC said he violated the directives and changed it into Rs 500 and Rs 1,000, depositing it in the bank, stating as if it were collected from passengers. Senior superintendent Vellaichamy and branch manager Balusamy also connived with him, DVAC said. Vouchers and other records were forged, DVAC said. The trio have been booked under corruption, forgery and cheating sections
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