Investigators probing the multi-crore scam, involving transfer of government funds to an NGO in Bihar’s Bhagalpur district, have unraveled its modus operandi. However, the same did not reflect in actual bank records, as the NGO could not tamper the banking software. The modus operandi of the NGO was to fraudulently divert government funds into its account and earn interest on the principal amount, while leaving it intact. “We detected that in 2012-13, the NGO withdrew Rs 150 crore from its Bhagalpur account and transferred it to its Saharsa account two years later. “The purported bank e-statements did not even bear any signature of bank official,” he added.

Source: Hindustan Times August 14, 2017 11:47 UTC