Crime in Hyderabad

Couple arrested for misappropriating university funds

Couple arrested for misappropriating university funds

Hyderabad: Madhapur police arrested a couple and their accomplice for siphoning off Rs 44.22 lakh from university account through inflation of salary bills. Y V Rajeswar Rao in collusion with his wife Y Swarna Latha inflated his salary bills and siphoned off Rs 44.22 lakh university funds. On the complaint of C Venkataiah, Registrar of the Dr B R Ambedkar Open University, police sprang into action and identified the accused as Y V Rajeswar Rao, Y Swarna Latha and LS Chauhan, colleague of accused no 1. However Swarna Latha and LS Chauhan are said to be absconding, while the kingpin V Rajeswar Rao has been arrested.

According to police Rs. 20,17,863 has been transferred into the account of Swarna Latha and Rs. 23,33,626 has been transferred to the account of Rajeswar Rao while Chauhan got a share of Rs. 71,143.