Fraud Case Against Hyd’s Prisha Pearls Jewellers, Three Postal Employees

August 02, 2017 11:40
Fraud Case Against Hyd’s Prisha Pearls Jewellers, Three Postal Employees

Fraud Case Against Hyd’s Prisha Pearls Jewellers, Three Postal Employees:- A cheating case has been booked by the Central Bureau of Investigation sleuths against Hyderabad’s Prisha Pearls Jewellers and three postal department employees for causing Rs 7.66 crore loss to the department.

According to the CBI officials, in 2013, license for using Remotely Managed Franking Machine (RMFM) was obtained by Sailesh, the director of Prisha Pearls. The RMFM enables the operator to book Value Payable Letter (VPL) and Value Payable Parcel (VPP) articles from customers from a remote location. A part of the fee collected from his customers is paid by the license holder to the postal department, for affixing stickers containing barcode generated by the RMFM on parcels and letters.

The company again applied for another RMFM license for a new machine, in January 2015. Sailesh canceled the first license of the machine, after getting the second license. The firm director continued to use both the machines, even after the cancellation of the first license. They also took the photocopies of the stickers and pasted on the parcels, despite of the stickers produced by both the machines, which created huge discrepancy in the number of articles booked by the firm and revenue credited to the department.

The firm directors, under VPL and VPP at Humayun Nagar sub-post office sent 32,91,564 articles but paid for only 14,66,063 articles, thus, causing Rs7.66 crore loss to the department.

The CBI officials registered a case against the postal department employees N. Kameswara Rao, sub-post master, S. Padmavathi, the deputy sub-post master and S. Venkata Swamy sub-post master of Humayunagar Sub Post Office and the main accused Sailesh Agarwal and Nitish Agarwal director of Prisha Pearls India Pvt Ltd, based on the complaint lodged by HR Chandra Shekar Achar, senior superintendent of post office.

According to the rules of the postal department, the sub-post master has to submit a statement of mailing along with the articles presented for dispatch and also the postal officials has to maintain a register for each franking machine. The employees were failed to follow the procedures and were booked.

SUPRAJA

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