Major Financial Fraud Uncovered at Tamil Nadu Veterinary University
In a significant development, the Central Crime Branch (CCB) of the Avadi police has made a crucial arrest in connection with a high-value embezzlement case. An employee of the Tamil Nadu Veterinary and Animal Sciences (Tanuvas) University has been taken into custody for allegedly siphoning off a staggering sum of 2.85 crore rupees from the institution's funds.
Details of the Elaborate Fraud Scheme
The accused, identified as Vadivel, was employed at the university's Madhavaram campus facility. According to police investigations, he executed a sophisticated financial fraud by forging the signature of the Tanuvas director on multiple NEFT (National Electronic Funds Transfer) forms. Using these falsified documents, Vadivel systematically transferred the massive amount of 2.85 crore from the university's official bank account to unauthorized destinations over an extended period.
The fraudulent activities remained undetected until Dr. Karthikeyan, a vigilant university official, noticed discrepancies in the financial records and immediately lodged a formal complaint with the authorities. This prompt action triggered a comprehensive police investigation that ultimately exposed the elaborate embezzlement scheme.
Legal Proceedings and Ongoing Investigation
Following the registration of a criminal case under six specific sections of the Bharatiya Nyaya Sanhita (BNS), the Avadi police launched a thorough probe into the matter. Their investigation led to the arrest of Vadivel on Friday, marking a significant breakthrough in the case.
The accused was subsequently produced before a magistrate court, where he was formally remanded to judicial custody. Police authorities have confirmed that further investigation is actively underway to uncover any potential accomplices and trace the complete trail of the embezzled funds.
This case has raised serious concerns about financial oversight mechanisms within educational institutions and highlights the critical need for enhanced verification protocols for banking transactions involving public funds. The Tanuvas University administration is reportedly conducting an internal audit to assess the full extent of the financial damage and implement stronger safeguards against similar fraudulent activities in the future.
