Haryana Power Utility Dismisses CFO Amid Fraud Allegations
Haryana power utility dismisses CFO over financial fraud and corruption charges
News 18
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Amit Dewan, the Chief Financial Officer of Uttar Haryana Bijli Vitran Nigam Ltd (UHBVNL), was dismissed over serious allegations of financial fraud and corruption linked to his previous role at Haryana Power Generation Corporation Limited (HPGCL). His actions reportedly involved unauthorized banking operations and misuse of government funds, prompting further investigation by the Central Bureau of Investigation (CBI).
- 01Amit Dewan was dismissed from UHBVNL due to allegations of financial fraud and corruption.
- 02The investigation revealed unauthorized banking transactions and misuse of government funds.
- 03Dewan allegedly conspired with bank officials to siphon off government money.
- 04He was arrested on March 18 and had been under suspension prior to his dismissal.
- 05The case has been transferred to the Central Bureau of Investigation for further inquiry.
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Amit Dewan, the Chief Financial Officer of Uttar Haryana Bijli Vitran Nigam Ltd (UHBVNL), has been dismissed following serious allegations of financial fraud and corruption during his tenure at Haryana Power Generation Corporation Limited (HPGCL). The Managing Director issued the dismissal order after an investigation uncovered fraudulent banking transactions, including the unauthorized transfer of ₹50 crore (approximately $6 million USD) and forged financial records. Dewan was accused of conspiring with bank officials to divert public funds, with evidence suggesting he received ₹50 lakh (approximately $60,000 USD) in illegal payments. His arrest occurred on March 18, and the case has now been escalated to the Central Bureau of Investigation (CBI) for further examination. The dismissal was deemed necessary to maintain administrative integrity and prevent evidence tampering during the ongoing investigation.
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The dismissal of Amit Dewan and the ongoing investigation highlight issues of corruption within Haryana's power utilities, potentially affecting public trust and financial governance in the sector.
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