Lagatar24 Desk
Ranchi: The Ranchi police have concluded their investigation into the alleged ₹1.23 crore scam in Jharkhand State Co-operative Bank, which was reported in 2019. After nearly six years of inquiry, the police have now submitted the Final Form in court, stating that no substantial evidence was found against the accused.
The Allegation: Excessive Payment to Contractor
In February 2019, then General Manager Sushil Kumar filed an FIR at Kotwali Police Station, naming former General Manager Brijeshwar Nath, Senior Manager Rajesh Tiwari, and others for financial irregularities. These were allegedly committed under the guise of interior work, repair, renovation, and networking.
As per the FIR, a contractor was paid ₹99.96 lakh instead of the actual cost of ₹49.77 lakh, resulting in an overpayment of ₹50.19 lakh.
Inquiry Committee Report Highlighted Irregularities
The FIR also cited findings from an internal probe led by then Registrar of Co-operatives Shravan Sahay, which noted that three separate estimates totalling ₹73.29 lakh were initially prepared. However, the payment made exceeded all original estimates, suggesting manipulation.
Police Say No Evidence Against Accused
Despite these initial claims, the final report filed by police states that no credible or conclusive evidence was found during the investigation to prosecute any of the accused individuals.
