GANGTOK, 14 Feb: The Pakyong police have arrested one person on allegations of having misappropriated funds from a cooperative society where he was employed. The accused, Balanath Dhungel, a 26-year-old resident of Namthang is accused of siphoning off funds to the tune of Rs. 6.23 lakhs of the Khangchenzonga Livestock Cooperative Society Limited.
The Cooperative Society is based at Kumrek, East Sikkim under Pakyong police jurisdiction. The crime came to light during a meeting of its Society members on 24 January when it revealed that the accused had misappropriated the amount between 2011 and 2012 when he was employed as an accountant with the cooperative society.
A case was then registered with the Pakyong police by the president of the cooperative society. The police, as part of its investigations have also seized cash deposit slips and bank passbooks of the cooperative society and it is reported that more documents are yet to be seized. Statements from witnesses have also been recorded. The case has been registered under section 408 IPC which deals with criminal breach of trust.
The Cooperative Society is based at Kumrek, East Sikkim under Pakyong police jurisdiction. The crime came to light during a meeting of its Society members on 24 January when it revealed that the accused had misappropriated the amount between 2011 and 2012 when he was employed as an accountant with the cooperative society.
A case was then registered with the Pakyong police by the president of the cooperative society. The police, as part of its investigations have also seized cash deposit slips and bank passbooks of the cooperative society and it is reported that more documents are yet to be seized. Statements from witnesses have also been recorded. The case has been registered under section 408 IPC which deals with criminal breach of trust.
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