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Rs 50 crore and counting: How Jharkhand’s alleged ‘treasury scam’ exposes system’s vulnerabilities

The Indian Express·Shubham Tigga·30 days ago
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A digital system designed to bring transparency and to remove the irregularities in government spending has instead come under the scanner in Jharkhand, with investigators suspecting a treasury-linked fraud that has reached to nearly hundreds of crores, a figure that officials say may rise as more transactions are scrutinised. What has raised concern is not just the scale but the manner in which alleged fraudulent withdrawals were routed through a computerised financial management system meant to prevent exactly such manipulation, prompting comparisons to the infamous Fodder Scam of the 1990s. The alleged fraud involves government officials and staff handling accounts and treasury-related work across departments in Jharkhand , who are suspected to have siphoned off crores of rupees by misusing the state’s Integrated Financial Management System (IFMS).…

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