"Misappropriation" Of Rs 207 Crore Detected In Delhi Shelter Board: CBI

The agency has alleged that an account in the name of the board was opened in the bank in October 2020 on the basis of fake documents and the money was "misappropriated".

A case against unknown officials of Delhi Urban Shelter Investment Board (DUSIB) and Bank of Baroda has been registered by the Central Bureau of Investigation (CBI) for alleged "misappropriation" of Rs 207 crore. The first information report or FIR accessed by NDTV reads that the board had shown an investment of Rs 214 crores in 112 fixed deposits in Bank of Baroda between last September and March 31 this year. "...but the preliminary investigation has revealed that only three of these FDRs (fixed deposit receipts) worth Rs 6.01 crore are genuine and the remaining 109 FDRs of Rs 207 crore are fake and not issued in the name of DUSIB," the FIR said. The agency has alleged that an account in the name of the board was opened in the bank in October 2020 on the basis of fake documents and the money was "misappropriated".