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Language , Updated: Aug 9, 2022, 12:12 AM
New Delhi, Aug 8 (PTI) The Comptroller and Auditor General of India (CAG) in its document on Monday stated irregularities in put up places of work resulted in misappropriation of public cash of Rs 95.62 crore between November 2002 and September 2021. According to the document, the CAG discovered that the Savings Branch and Savings Bank Control Organization (SBCO) of Head Post Offices of the Department of Posts (DOP) didn’t put in force codified interior investigations and orders issued by means of the Directorate every so often. “Due to these irregularities, the period from November 2002 to September 2021,” the CAG document stated.
According to the document, the CAG discovered that the Savings Branch and Savings Bank Control Organization (SBCO) of Head Post Offices of the Department of Posts (DOP) didn’t put in force codified interior investigations and orders issued by means of the Directorate every so often.
“These irregularities led to misappropriation of public money amounting to Rs 95.62 crore in post offices spread over 14 postal circles during the period November 2002 to September 2021, of which Rs 14.39 crore was recovered and the rest recovered,” the CAG document stated. nonetheless left.”
The Post Office Savings Bank Manual prescribes interior exams and obviously defines the tasks for prevention of fraud and fraudulent actions at quite a lot of ranges in financial savings financial institution operations.
