1 out of 3 forged MU cheques meant for issuing housing loan

IMPHAL, 1st Nov: Out of the three forged cheques detected at Manipur University, one cheque leave was found to be those used exclusively for releasing housing loan amount to employees of the varsity.
After withdrawal of Rs 94.5 lakh from MU account using forged cheques in the name of Patel Real Estate earlier, staff of Bank of Baroda brought three cheque leaves amounting over Rs 80 lakh addressed to the same company for verification at Manipur University and found all the cheques to be forged ones.
One among the three cheque leaves amounting Rs 29,70,000 was also found to be those used exclusively in releasing housing loan amount to employees of MU. The cheque was addressed to Patel Real Estate with signature of MU assistant registrar (finance) Shantikumar and it was issued on October 24.
Sources informed that Shantikumar is currently deputy registrar (examination) and he is not authorised to handle financial matters of the varsity and the signature on the cheque too was not that of Shantikumar’s. The design of the cheque, however, was those used for releasing housing loan amounts of employees and these cheque leaves cannot be addressed to any firm or to any other person. Five cheque leaves in serial of this design were used by unidentified persons to withdraw money from MU account. The same cheque leaves were also used in withdrawal of Rs 94.5 lakh earlier even though these cheques cannot be issued for amount exceeding Rs 25 lakh, the source said, adding MU administrator had been intimated about the matter in written.
In the wake of a series of withdrawal of money from MU account using forged signature, apprehension of existence of a big racket in MU is gaining weightage and there is also possibility of huge withdrawal from MU account in the past, the source said, adding a thorough investigation is needed to unearth the truth regarding the matter.
Meanwhile, a police source informed that a case has been registered at Singjamei police station and investigation has been initiated but there has been no arrest so far. When serial numbers of cheque leaves including the two used already for withdrawal of Rs 94.5 lakh and three detected few days back were checked, the cheque book of MU was found intact, the police source said, adding those involved in the forgery is/are yet to be ascertained as of now.

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