Northeast Desk, 17th May: Three high-ranking officials of the State Bank of Sikkim (SBS) have come under scrutiny following allegations of financial irregularities amounting to over Rs 69 crore.
An FIR lodged with the Crime Investigation Department (CID) of the Sikkim Police has named Dorjee Tshering Lepcha, General Manager (Operations), Tsewang Dorjee Lepcha, Assistant Manager (IT), and Tilak Rai, Senior Accounts Assistant, in connection with the case. These individuals, stationed at the SBS head office in Gangtok, are accused of orchestrating a scheme to defraud the bank by siphoning funds and diverting them towards personal investments in both movable and immovable assets, allegedly through the use of various accounts, including one linked to a government official.
In response to the allegations, the bank has urged the CID to freeze the assets of the implicated officials and their immediate family members. A case has been registered under IPC sections 34, 120B, 409, 420, and 477A, alongside relevant provisions of the Information Technology Act, 2000.
The unfolding scandal has sent shockwaves through the Sikkim financial sector, prompting heightened scrutiny and calls for robust measures to safeguard against future malfeasance. As investigations continue, stakeholders await further developments in this unfolding saga that threatens to tarnish the reputation of one of Sikkim’s esteemed financial institutions.
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