BDA probe into payment fraud
Feb 08, 2014
Source : The Times of India
BHUBANESWAR: Bhubaneswar Development Authority (BDA) has begun an in-house inquiry into payment by allottees of houses between 1992 and 2013 after it came to light that some of them had faked payments. BDA secretary Shreekant Kabi is leading the probe, government sources said.

The development follows an audit by accountant general (AG), Odisha, which pointed out a misappropriation of Rs 11.59 lakh between February 2008 and May 2011. The AG had come across the fraud during performance audit for the period 2002-2003 to 2011-2012.

Ten allottees of Jatni Housing Scheme had submitted 52 fake challans towards payment of their installment dues, the AG pointed out. It also found misappropriation of Rs 1.05 lakh by tampering with 44 challans towards deposit of plan approval between January 2009 and April 2011.

The AG had asked the BDA to comply with the findings.

Additional chief secretary (housing and urban development) Injeti Srinivas recently wrote a letter to AG Amar Patnaik informing him about the in-house inquiry by the BDA secretary. BDA has also asked the vigilance (police) to separately investigate the matter, he said.

Srinivas wrote that after the audit findings, show-cause notices for cancellation of the allotment to the 10 specified allottees have already been served. Besides, the internal auditor has started a special audit of the allotment and planning branch of BDA for the years 1992-93 and 2012-13.

To avert similar fraud in future, BDA has taken a number of initiatives, Srinivas wrote. The development authority has stopped issuing hand-written challans and replaced them with computer-generated ones. The agency has also stopped handwritten bank statements and is insisting on computerized records with due authentication by the bank official on each page. The allotment and planning sections of BDA are undertaking cross-verification of the bank statements and challans. The agency has also fixed accountability for the challans and bank scrolls at each level, the additional chief secretary (H&UD) wrote to the AG.

BDA has also introduced an e-payment gateway for online payment to the customers. The financial management system of the agency is being restructured to bring in more safeguards, sources said.


Latest Realty News

Commercial rentals low in city
Feb 08, 2014
BHUBANESWAR: The commercial rents are hovering around Rs 100 per sq ft even in the posh localities like Janapath, said Sanjay Kumar Jha, Secretary of Real Estate Developers Association of Odisha (REDA). Forum Mart, BMC Bhawani Mall, Pantaloons Mall, Idco Towers, and Fortune Towers are some of the prominent commercial properties in the city.
Fencing shield for vacant plots
Feb 06, 2014
BHUBANESWAR: The state government has sanctioned Rs 4.72 crore for barbed fencing around the vacant government lands for protection from encroachments.
Rent in Bhubaneswar nosedives as demand hits low
Feb 05, 2014
BHUBANESWAR: The rental market in the city has hit a downward spiral. Houses in several localities in the state capital are now available at rents lower compared to that in even district towns. gets ‘Cyber Ratna’ award
Feb 03, 2014
BHUBANESWAR: Leading property search portal has been honoured with the ‘Cyber Ratna Award’ for its commendable contribution to real-estate business and property search in India.
Demolition Drive of BDA Deferred
Jan 30, 2014
BHUBANESWAR: The Bhubaneswar Development Authority’s (BDA) initiative to use implosion technology for building demolition has been deferred due to delay in processing of the requisite permission.
Police seek annulment of Artha Tatwa Group’s assets
Jan 29, 2014
BHUBANESWAR: The Commissionerate Police have written to the State Finance Department for annulment of property of non-banking financial company Artha Tatwa Group that allegedly duped investors of more than Rs400 crore.
Spa, restaurant in city demolished by BDA
Jan 28, 2014
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) on Monday started demolishing the top two floors of a four-storied commercial building used as a spa and a restaurant at Madhusudan Nagar in the city.
Bhubaneswar Development Authority to 'implode' illegal units
Jan 27, 2014
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) will use 'controlled blast' to raze illegal portions of a building in the city for the first time, more than a year after it announced to use the technology in January 2013.
Delay in assets attachment of Artha Tatwa Group irks govt
Jan 23, 2014
BHUBANESWAR: The state government has asked commissionerate of police to expedite the process to attach property of controversial Artha Tatwa (AT) Group. The money-circulation company is accused of duping thousands of investors of more than Rs 350 crore.
Facelift takes backseat
Jan 22, 2014
BHUBANESWAR: Several areas in ward No. 1 are deprived of basic civic facilities, including road, drains and sewerage.

Latest Realty News Of State

Realty Talk's