Haryana Power Utility Dismisses CFO Over Misappropriation Charges
Haryana power utility dismisses chief financial officer
Hindustan Times
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Amit Dewan, the chief financial officer of Uttar Haryana Bijli Vitran Nigam (UHBVN), has been dismissed due to allegations of misusing his position for fraudulent banking operations. His arrest by the Haryana Anti-Corruption Bureau on March 18, 2023, follows an investigation into the diversion of funds from Haryana Power Generation Corporation Ltd (HPGCL).
- 01Amit Dewan was dismissed from UHBVN for alleged misuse of his official position.
- 02He was arrested by the Haryana Anti-Corruption Bureau on March 18, 2023.
- 03Dewan is accused of facilitating fraudulent transactions and compromising HPGCL's interests.
- 04The investigation revealed procedural violations in opening bank accounts.
- 05Evidence suggests Dewan received illegal kickbacks totaling ₹50 lakh.
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Amit Dewan, the chief financial officer of Uttar Haryana Bijli Vitran Nigam (UHBVN), has been dismissed following allegations of misusing his position to facilitate fraudulent banking operations. The Haryana Anti-Corruption Bureau (ACB) arrested him on March 18, 2023, amid an investigation into discrepancies involving ₹50 crore in funds from Haryana Power Generation Corporation Ltd (HPGCL). The ACB's findings indicated that Dewan established links with accused bank officials to divert funds into sham entities. His actions were deemed prejudicial to the interests of HPGCL, prompting UHBVN to bypass a departmental inquiry in favor of immediate dismissal. The investigation has now been transferred to the Central Bureau of Investigation (CBI) to avoid compromising ongoing inquiries. Dewan's conduct reportedly tarnished the reputation of both the state government and the power utilities. Evidence collected during the investigation includes details of unauthorized transactions and illegal kickbacks totaling ₹50 lakh received by Dewan as part of a broader criminal conspiracy.
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The dismissal of Amit Dewan highlights ongoing issues of corruption within state utilities, potentially affecting public trust in the power sector.
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