In an allegation of embezzlement of funds from the Amritsar Improvement Trust, the Directorate of Enforcement (ED) has temporarily attached properties valued at Rs. 9.7 crore that belongs to Rupali Sharma, W/o Daman Bhalla, Satnam Singh, Kanwaljeet Kaur, Teena Vohra, Renu Vohra, and Surinder Kaur Arora. The properties included are a building and land in Amritsar, Punjab, as well as a variety of transportable assets, such as FDs and bank account balances.
In 2017, the Chief Vigilance Officer of the Local Bodies of Punjab filed a complaint alleging forgery, cheating, and other offences, as well as the embezzlement of funds amounting to Rs. 27 crore from the Amritsar Improvement Trust. This led to the filing of a formal complaint with the ED.
According to an ED investigation, Daman Bhalla, the Amritsar Improvement Trust’s deputy controller of finance and accounting, and other accused individuals created six fraudulent bank accounts in the organization’s name and transferred around
The Amritsar Improvement Trust has deposited Rs. 71.40 Crore into those six bank accounts. Additionally, they had taken out or transferred Rs. 27.12 crore from these six fraudulent accounts. The Amritsar Improvement Trust purposefully excluded these accounts from its cash books.
The money that was taken out or moved was maintained in fixed deposits and savings accounts under the names of Satnam Singh, Kanwaljeet Kaur, Teena Vohra, Renu Vohra, and Surinder Kaur Arora. It was utilized to buy real estate under the name of Rupali Sharma, W/o Daman Bhalla. Additional research is currently being conducted.
