ED conducts raid at Sub Post Master's residence in WB misappropriation of public money case

Purba Medinipur (West Bengal) [India], September 6 : The Directorate of Enforcement (ED) has conducted search operations at the residential premises of Lakshman Hembram, Sub Post Master, related to the misappropriation of public money amounting to Rs. 4.12 crore, said officials. 
According to ED, during the course of the search operation which was conducted on Tuesday, various incriminating documents and immovable properties were seized. Further, Cash amounting to Rs 5.25 lakh was found and seized and Rs 5.97 Lakh was frozen from the bank account of the person involved.
ED initiated an investigation on the basis of an FIR registered by the Moyna Police Station, Purba Medinipur, Tamluk, for the commission of an offence under various sections of IPC against Lakshman Hembram.
ED investigation revealed that he used to effect premature closure of Term Deposits Accounts apparently by forging signatures of the account holders and transferring the pre-mature amount proceeds of those TD accounts to the saving accounts of the same account holders without their knowledge, said an official statement issued by the agency. 
Thereafter he used to siphon off the said amount from their SB accounts by way of fraudulent withdrawals again apparently by forging the signature(s) of the account holders. These withdrawal amounts to the tune of Rs 4.12 Crore were used for the purchase of movable/immovable assets and for personal use and are proceeds of crime under provisions of PMLA, 2002, the statement further said.
Further investigation is under progress.