ED attaches properties worth Rs 65.46 crore in Sikkim bank fraud case
The Directorate of Enforcement (ED), Gangtok Sub Zonal Office, has provisionally attached movable and immovable properties worth Rs 65.46 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the alleged misappropriation and laundering of funds from the State Bank of Sikkim (SBS) by former General Manager (Operations) Dorjee Tshering Lepcha, according to the statement.
ANI
Mar 06, 2025 14:27 IST
Gangtok (Sikkim)[India], March 6(ANI): The Directorate of Enforcement (ED), Gangtok Sub Zonal Office, has provisionally attached movable and immovable properties worth Rs 65.46 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the alleged misappropriation and laundering of funds from the State Bank of Sikkim (SBS) by former General Manager (Operations) Dorjee Tshering Lepcha, according to the statement.
https://x.com/dir_ed/status/1897547824772067453
The attached properties include four immovable properties comprising residential buildings and land parcels located at Deorali, Syari, Ranipool, and Penlong, Sikkim. These properties were found to have been acquired using Proceeds of Crime (POC) derived from the fraudulent siphoning of funds from SBS.
In addition to immovable properties, bank balances and fixed deposits in the names of Dorjee Tshering Lepcha and his family members, totalling approximately Rs. 53.41 crore, have also been attached.
ED initiated an investigation based on the FIR registered by CID-PS, Gangtok, under various sections of the IPC, 1860, and the Information Technology Act, 2000. The investigation was later transferred to the Sikkim Vigilance Police.
ED investigation revealed that Dorjee Tshering Lepcha, while serving as General Manager (Operations) at State Bank of Sikkim, orchestrated a large-scale fraud involving the creation of a fraudulent bank account in the name of "AE Roads and Bridges Department, Government of Sikkim," said the statement.
Funds were fraudulently credited to this account through manipulation of General Ledger (GL) accounts maintained by SBS for Central Bank of India (CBI) and State Bank of India (SBI) transactions. These funds were subsequently diverted to personal accounts held by Dorjee Tshering Lepcha, his wife and other family members and associates. The investigation also uncovered the manipulation of fixed deposits to enhance interest earnings.
Further, searches were conducted by ED on 14.02.2025 at multiple premises linked to Dorjee Tshering Lepcha. During the searches, incriminating documents related to various property purchases were seized, and approximately Rs. 75 Lakh was frozen from various bank accounts linked to Dorjee Tshering Lepcha.
Further investigation is under progress.(ANI)
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