By Express News Service
THIRUVANANTHAPURAM The state authorities won’t entertain any exercise that breaches the belief of the state treasury, Finance Minister TM Thomas Isaac stated within the meeting right here on Wednesday. “Since the LDF authorities got here to energy, three workers of the treasury have been dismissed from service after they dedicated malpractices. As per the Reserve Bank’s monetary stability report in 2019, monetary fraud of round C1.13 lakh crore was unearthed from 4,412 crimes reported within the nation.
Compared to the nationwide state of affairs, the state treasury is protected and it has a high-end safety mechanism on a par with worldwide requirements. In truth, it’s the greatest within the nation,” Isaac stated. The minister additional identified that the federal government had carried out high-end safety within the wake of the Vanchiyoor treasury fraud. “The authorities acted by dismissing the particular person concerned within the treasury fraud.
It is verifying all monetary transactions he had carried out. Besides, we now have launched a mechanism the place a retired particular person can not entry the accounts because the username and password can be mechanically deactivated. We have discovered that C61 lakh out of the C2-crore fraud (at Vanchiyoor) was diverted by treasury accounts,” Isaac added.