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LATEST NEWS UPDATES | Audit report indicates gross misuse, presumptive fraud of DMFT fund in Jharkhand

Audit report indicates gross misuse, presumptive fraud of DMFT fund in Jharkhand

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published Published on May 1, 2022   modified Modified on May 3, 2022

-ANI/ ThePrint.in

Ranchi (Jharkhand): An audit of the District Mineral Foundation Trust fund, collected under the provision of the Mines Minerals (Development and Regulation) Act, indicates gross misuse of the DMFT fund.

The audit was conducted by the Jharkhand’s Principal Auditor General (PAG) in six districts, Bokaro, Chatra, Dhanbad, Hazaribagh, Lohardaga and Ranchi. In these districts, a sum of about Rs 3,000 crore was collected as DMFT funds between 2015 and 2021. The audit was conducted between December 2020 and April 2022.

The audit team, in its report, which was submitted to Chief Secretary on April 22, expressed dissatisfaction, saying the mines department restricted its access to crucial and primary records for audit and it was a red flag to presumptive fraud and misappropriation.

“Audit findings are restricted to deficiencies noticed in the financial management of the trust fund, planning and selection of schemes and deficiencies in monitoring the fund, etc. As audit was not provided access to crucial records/ information in managing the Fund, the actual reason for lapses/deficiencies by individual officials could be examined and reported,” states the audit report.

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ANI/ ThePrint.in, 1 May, 2022, https://theprint.in/india/audit-report-indicates-gross-misuse-presumptive-fraud-of-dmft-fund-in-jharkhand/938607/


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