Lottery fund fraud: accused says he burnt currency notes
An accused clerk in the Kerala Lottery Welfare Fund fraud case claims he burned ₹6 crore in cash following the 2016 demonetization drive. Investigators are currently conducting a forensic examination to verify the claim and recover evidence related to the embezzlement of ₹14 crore.
Why it matters
The case highlights the long-term impact of the 2016 demonetization policy on illicit financial activities and the ongoing efforts to recover embezzled public funds.
In a startling revelation in the Kerala Lottery Welfare Fund fraud case, the main accused told investigators he burnt currency notes worth ₹6 crore after the 2016 demonetisation drive left him unable to use cash allegedly siphoned from the fund.
The article reports on the investigation and the suspect's claims without editorializing or taking a side.
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