Panchkula school alleges Rs 50L fraud by accountant

Tribune News Service

Panchkula, December 30

A private school here has alleged that its accountant had committed a defrauded of Rs50 lakh with the institution. On a complaint of the manager of Sky school, the police have booked the accountant, Mukesh Kumar.

“The school receives fee in the form of cash from parents. A portion of the fee as well as other amount are being regularly deposited by the school to a current bank account. The funds were being deposited by Kakkar. Bank officials were issuing us duly stamped and signed receipts of the amount that was being deposited in cash. These receipts are available with us as proof. We were also issued account statement by the bank from time to time,” the FIR reads, quoting the complainant, Amandeep Singh.

“On December 18, we were shocked to know that the bank account did not have enough funds to honour a salary cheque,” it mentions.

“We called Kakkar to enquire about the matter. Initially, he left the school premises saying he had a medical issue. Later, he switched off his cellphone. During checking, we found that the receipts of the cash deposited with the account statement given to us did not match with the actual credits to the bank,” the FIR states.

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