CFO Dismissed Amidst Financial Fraud Allegations at Haryana Power Corporations

Amit Dewan, Chief Financial Officer at UHBVNL, has been dismissed due to accusations of financial fraud and misuse of government funds. His dismissal follows investigations revealing illegal financial activities, including unauthorized banking transactions. The case has been forwarded to the CBI for further scrutiny. This action emphasizes safeguarding public interest and integrity.

Amit Dewan, Chief Financial Officer of the Uttar Haryana Bijli Vitran Nigam Ltd (UHBVNL), has been ousted amid grave allegations of financial fraud. The dismissal, ordered by UHBVNL’s Managing Director, follows a rigorous investigation exposing illegal financial dealings and misuse of government resources.

UHBVNL's initial probe detected numerous fraudulent transactions, including violations of government norms through unauthorized bank dealings. Dewan is accused of conspiring with bank officials to divert funds to certain accounts, based on evidence like forged financial records and Call Detail Records (CDRs).

The severity of the allegations warranted transferring the case to the Central Bureau of Investigation (CBI) to ensure thorough examination. Meanwhile, Dewan, who had been suspended following his arrest in March, is permanently removed from his role to uphold public trust and organizational discipline.