The Financial Offences Wing (EOW) of Cyberabad has arrested two people for diverting funds allotted for Telangana authorities’s Rythu Bima and Rythu Bandu schemes. The accused, Goreti Srisailam and his aide Odela Veera Swamy, had been caught after an investigation into the misappropriation of roughly Rs 2 crores.
Goreti Srisailam, who labored as an Agriculture Extension Officer (AEO) within the Agiryal cluster of Kondurg Mandal, RR District, misused his place to control the system. He made pretend claims underneath the Rythu Bima scheme, enroling ineligible people and forging paperwork to embezzle Rs 1 crore.
Srisailam additionally falsely claimed advantages underneath the Rythu Bandu scheme for 130 non-claimants and pattadars, diverting a further Rs 1 crore.
In response to the police, the accused used pretend names and Aadhaar numbers to register people for the schemes. Afterwards, he submitted pretend dying certificates and solid paperwork to assert insurance coverage quantities, which had been then deposited into a number of financial institution accounts managed by him and his confederate.
In the course of the investigation, authorities discovered incriminating proof, together with cell phones, financial institution playing cards, pretend certificates, and insurance coverage paperwork on the accused’s residence. Additional enquiries revealed that the unlawfully acquired funds had been used to purchase properties in numerous villages, all registered underneath the identify of Srisailam’s spouse.
The police have arrested Srisailam and his confederate for misappropriating the funds meant for presidency schemes.
