SIT freezes Rs 47 cr in embezzlement case in Jharkhand

The Jharkhand Police SIT has frozen Rs 47.96 crore in various accounts, recovered Rs 1.83 crore in cash, and seized jewellery worth Rs 16.70 lakh in connection with government funds embezzlement cases, an official statement said on Saturday.

The SIT, led by Anti-Terrorist Squad (ATS) SP Rishabh Jha, is probing fraudulent withdrawal cases involving around Rs 109 crore from accounts linked to state government undertakings in Energy and Tourism departments. So far, seven people have been arrested in connection with the cases.

On January 20, the SIT raided the residence of Ram Lakhan Yadav in Doranda and recovered Rs 60 lakh in cash. According to Jha, the recovery followed the identification of Lolash Lakra, a branch manager at a bank, who was arrested previously in connection with the case. Additionally, Rs 76.38 lakh was deposited in various banks based on the identification of Lokeshwar Shah, another individual previously arrested by the SIT.