‘Fake contractor’ held in alleged misappropriation of medical college funds in Kolkata

Man arrested for allegedly misappropriating ₹15 crores from Kolkata's KPC Medical College; forged documents used in the fraud.

A 45-year-old man has been found to have allegedly misappropriated funds worth nearly ₹15 crores following a complaint by Kolkata’s KPC Medical College and Hospital (KPCMCH) and was arrested on Saturday (January 4, 2025), police sources said.

“The accused, one Rajiv Ghosh, represented himself as the contractor and assured the complainant [KPCMCH] to assist in the college’s infrastructure development,” a top official at Kolkata Police said. “The accused also prepared forged and fabricated documents and used them to commit the offence.”

According to the police, the investigation revealed that the entire misappropriated money, worth ₹14.92 crores, had been transferred to the accused’s bank account maintained at Federal Bank.

“During the investigation, some documents allegedly forged and fabricated have been seized from the complainant and other organisations. The accused person is the main beneficiary of the defrauded amount,” police officials said.

Mr. Ghosh is reportedly a resident of South Kolkata’s posh Ballygunge area. He will be produced at Alipore Court on Sunday (January 5, 2025) with police custody remand.