Three Former Postal Officers Sentenced to Five Years in Jail for Embezzlement in Visakhapatnam
A CBI court in Visakhapatnam has sentenced three former postal officers to five years of imprisonment for embezzling funds. The officers, Kodamachili Rajendra Prasad, I Satyanarayana, and P Appalaswamy, were found guilty of misappropriating Rs. 30,56,429 from depositors.
Details of the Case
The Additional Special Judge Court for CBI Cases convicted the three officers and imposed fines of Rs. 7,000, Rs. 8,29,000, and Rs. 8,59,000 respectively. The convicts were sent to Central Prison, Visakhapatnam to serve their sentences.
Background
The case was registered by the CBI on March 28, 2013. It was alleged that Kodamachili Rajendra Prasad, while working as the Sub-Post Master at Yeleswaram Sub-Post Office, conspired with I Satyanarayana and P Appalaswamy, both Postal Assistants, to cheat the Postal Department and depositors. They did not record recurring deposit amounts collected from depositors under the Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) from October 21, 2009, to September 29, 2012.
The chargesheet was filed on April 25, 2014, and after a thorough investigation and trial, the court found the accused guilty.
Doubts Revealed
CBI -: CBI stands for Central Bureau of Investigation. It is India’s main agency for investigating serious crimes like corruption and fraud.
Visakhapatnam -: Visakhapatnam is a city in the Indian state of Andhra Pradesh. It is also known as Vizag and is famous for its beaches and shipbuilding industry.
Embezzlement -: Embezzlement means stealing money that you were trusted to take care of. In this case, the postal officers took money from depositors that they were supposed to keep safe.
Depositors -: Depositors are people who put their money in a bank or postal savings account. They trust the bank or post office to keep their money safe.
Recurring deposit -: A recurring deposit is a type of savings account where you put in a fixed amount of money every month. It helps people save money over time.
Chargesheet -: A chargesheet is a document filed by the police or investigation agency in court. It lists the crimes someone is accused of and the evidence against them.