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ACB arrests 3 people, including owner & CFO of Aurrum e-Payment

UncategorizedACB arrests 3 people, including owner & CFO of Aurrum e-Payment
Delhi Jal Board

Delhi Jal Board funds embezzlement case: ACB arrests 3 folks, together with proprietor & CFO of Aurrum e-Fee. (File picture)

Picture : ANI

The preliminary enquiry performed by Vigilance Division, the DJC revealed the embezzlement of its funds amounting to Rs. 20 crore and above by non-public individuals in Connivance with Company Financial institution ( now Union financial institution of India) and its officers. An FIR was registered within the matter.

“The Aurrum e Fee collected the quantity from numerous kiosks in Delhi and introduced at its Connaught Place workplace. Thereafter, they embezzle quantity from money collected and deposited the remainder quantity with its account with Federal financial institution. Thereafter cash is transferred to DJB by means of RTGS as per their comfort,” the workplace of the pinnacle of Delhi’s ACB department mentioned in a press launch.

“It was additionally revealed that the alleged firm didn’t switch the whole quantity within the account of DJB. Reconciliation was additionally not performed commonly by DJB,” the workplace of the Delhi ACB chief acknowledged.

Notably, the DJB had awarded the work of establishing automotive invoice fee assortment machines at totally different areas in its totally different places of work to the Company for facilitating its shoppers in invoice funds by means of numerous modes of funds together with money and cheques. The financial institution additional gave this contract to Recent Pay IT Options. The IT firm outsourced the work to Aurrum ePayments Pvt. Ltd.

Particulars of the investigation:

In the course of the course of investigation, it was revealed that the quantity collected from Kiosks of Delhi Jal Board was transferred from the Federal financial institution of Aurrum e-payment to 4 to 5 sister issues of Raju Nair, his relations and lots of extra. They made funds like hire, wage of workers of Aurrum e – Fee and Recent pay IT Resolution, different bills of comapnies from this very account of Federal Financial institution out of the money collected from DJB Kiosk.

Even after it has been noticed by the DJB that there was a pending quantity on a part of the seller which is to be deposited in its account, the contract was renewed occasionally. The DJB paid the transaction fee to the seller which was Rs. 5 solely as soon as i.e. from July 2012 until Oct. 2013. Thereafter, no fee for transaction fees was paid by DJB to the seller.

The entire pending quantity after reconciliation was discovered to be Rs. 14.41 crore excluding the penalty/curiosity which was 12 % monthly until July 2015 and in a while 12 every year. Even after realizing that an enormous quantity was pending, the DJB additional awarded a contract of Spot Billing to Auurm e – Fee in 2018.

On scrutiny of Financial institution assertion, it was revealed that Aurrum e Funds Pvt. Ltd. deposited Rs. 4,75,20,60,130 money in its account with Federal Financial institution however transferred Rs. 4,66,35,04,010 solely. There’s a distinction of Rs. 8, 85, 56,120. Furthermore, the whole quantity collected from the Kiosk of Delhi Jal Board was not deposited with Federal Financial institution.

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