The Commercial Crime Investigation Wing sleuths arrested a 58-year-old co-operative sub-registrar on charges of misappropriating funds to the tune of Rs 2.5 lakh.
According to inspector Uma of Commercial Crime Investigation Wing, the sub-registrar had sold a house measuring 678 sqft and belonging to the All India Radio Co-operative Housing Society at Nagamangalam, Tiruchy on February 23, 2015, without obtaining permission from senior officials. Further, the official siphoned off the money that he got through the deal.
The first error on the part of the sub-registrar, N Balasubramanian (58), was that he did not take permission from his higher-ups to execute the deal. The next one was that the official did not deposit the sum of Rs 2.34 lakh which he got through the sale of the house. The fraud committed by the sub-registrar came to light during a periodical inspection by the officials.
The Deputy Registrar of Housing Board, Murugan, lodged a complaint and after an investigation the official was arrested. Balasubramanian was produced before the Judicial Magistrate 2 court and sent to judicial custody. The police have registered cases under the IPC for carrying out misappropriation of funds under 477 (a).