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State Bank of Sikkim Files FIR Against Officials for Embezzlement of Funds

The State Bank of Sikkim has filed an FIR with the Crime Investigation Department (CID) against three of its officials for alleged irregularities and embezzlement of funds exceeding Rs 69 crore, an official confirmed on Friday.

Who are these Officials?

The bank has implicated three officials – Dorjee Tshering Lepcha, general manager (operations), Tsewang Dorjee Lepcha, assistant manager (IT), and Tilak Rai, senior accounts assistant – for embezzlement of funds in the FIR.

The FIR, filed on May 14, alleges that the three officials opened various fixed deposit accounts in the names of government officials while investing the remaining misappropriated bank funds in “various immovable and movable assets”.

CID

The bank has urged the CID to promptly freeze all assets, including movable (bank accounts, FDs, shares, mutual funds), and immovable properties recorded in their personal names as well as in the names of their immediate family members.

The State Bank of Sikkim operates as an autonomous body under the Government of Sikkim. The CID has confirmed registering a case and is currently investigating the matter.

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Nunnem Gangte

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