Thiruvananthapuram: An investigation report on KSRTC accounts pertaining to UDF tenure, points to Rs 100 crore shown in expenditure with no supporting records. In the report, the Additional Secretary(Finance) suggests possible embezzlement by the way of dubious expenditure. Sreekumar, the accounts manager during the period in question, has been transferred. He has been shifted to Central Zone(Ernakulam) from his post as Deputy Chief Accounts at the Chief Office(Thiruvananthapuram).
The suspected fraud running into crores was unearthed during an inspection of financial year : 2010-11, 11-12 and 12-13. Utilising funds without first recording them in the cash book amounts to serious offence and there should be action against those responsible, recommends additional secretary in his report. Meanwhile, the Vigilance probe into the suspected fraud is also progressing.
In the findings so far, it became evident that collections received from the various units since 2010 were not recorded systematically. Also, income and expenditure records were not maintained properly and the inevitable differences resulting from the practice was stashed away under ‘suspense a/c’ for matching purposes. Basic procedures while receiving monies were not followed, a tactic now suspected to lend cover to modus operandi. KSRTC is facing acute crisis and if employees themselves are found doing malpractices, strict action will follow, CMD Biju Prabhakar told media.
