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FIA Launches Probe into Rs 60 Crore Pension Fund Scam in Hyderabad
The FIA is probing a massive Rs 60 crore pension fund scam in Hyderabad. Allegations include a fake widow receiving Rs 43 lakh! Justice is on the way.
ND
by News Desk
2024-08-31
FIA Launches Probe into Rs 60 Crore Pension Fund Scam in Hyderabad

The Federal Investigation Agency (FIA) has embarked on a detailed inquiry into an alarming case of financial misconduct involving the alleged embezzlement of Rs 60 crore from the pension fund in Hyderabad. The investigation was triggered by a complaint lodged by the operations manager of the Hyderabad municipal branch, leading to immediate action against the concerned branch manager, municipal staff, and employees of the district finance office.

 

Authorities have requested records from the District Accounts Office, Hyderabad, covering the period from January 2021 to August 2024. This includes detailed information about the officers who were posted in the pension section during this time frame.

 

Preliminary findings have uncovered a staggering level of corruption. In one instance, a fictitious woman successfully claimed a pension worth Rs 43 lakh by pretending to be the widow of a deceased writer, Dar Muhammad Kamal. This case appears to be just one of many instances of fraudulent activities within the pension fund, with indications of broader systemic corruption across several district accounts offices in Sindh, all under the purview of the finance department.

 

The concerned bank has also launched its own internal investigation into the matter, as the FIA continues to uncover the depth of this extensive scam. The investigation aims to hold all those involved accountable and recover the embezzled funds, ensuring that justice is served.
Tagged:

Hyderabad

FIA

corruption

Accountability

FinancialFraud

PensionScam
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