financial

1. Three senior officials from SBS were implicated in Rs 69 crore financial irregularity.
2. FIR filed with CID of Sikkim Police against GM, Assistant Manager, and Senior Accounts Assistant.
3. Allegations involve misappropriation of funds and investment in movable assets.


Gangtok, May 17: Three high-ranking officials from the State Bank of Sikkim (SBS) are under scrutiny for their involvement in a financial misappropriation scandal exceeding Rs 69 crore.

An FIR lodged with the Crime Investigation Department (CID) of the Sikkim Police names Dorjee Tshering Lepcha, General Manager (Operations), Tsewang Dorjee Lepcha, Assistant Manager (IT), and Tilak Rai, Senior Accounts Assistant, in connection with the case.

Allegations suggest that these officials, stationed at the SBS head office in Gangtok, collaborated in deceiving the bank.

They purportedly diverted funds, using multiple accounts, including one linked to a government official, to invest in real estate and other assets.


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The bank has urged the CID to freeze the assets of the accused officials and their immediate relatives. A case has been filed under relevant sections of the Indian Penal Code and the Information Technology Act, 2000.

As per a report in the Sikkim Express, the CID has registered a case under IPC sections 34, 120B, 409, 420, and 477A, in addition to relevant clauses of the IT Act 2000.