Sikkim: ED Attaches Assets Worth Rs. 65.46 Cr of Former SBS GM Dorjee Tshering Lepcha
First Published: 7th March, 2025 10:48 IST
The attached properties include four immovable assets—residential buildings and land parcels in Deorali, Syari, Ranipool, and Penlong, Sikkim.
The Directorate of Enforcement (ED), Gangtok Sub Zonal Office, has provisionally attached movable and immovable properties worth Rs 65.46 crore of Dorjee Tshering Lepcha, former General Manager (Operations), SBS under the Prevention of Money Laundering Act (PMLA), 2002 for alleged misappropriation and laundering of funds from the State Bank of Sikkim (SBS).
The attached properties include four immovable assets—residential buildings and land parcels—located in Deorali, Syari, Ranipool, and Penlong, Sikkim.
Investigations revealed that these properties were acquired using Proceeds of Crime (POC) derived from the fraudulent siphoning of funds from SBS. Additionally, bank balances and fixed deposits in the names of Lepcha and his family members, totalling approximately Rs 53.41 crore, have also been attached.
The ED initiated its probe based on an FIR filed by CID-PS, Gangtok, under various sections of the Indian Penal Code (IPC), 1860, and the Information Technology Act, 2000. The case was later transferred to the Sikkim Vigilance Police.
The investigation uncovered that while serving as General Manager (Operations) at SBS, Lepcha orchestrated a large-scale fraud by creating a fraudulent bank account under the name “AE Roads and Bridges Department, Government of Sikkim.” Through manipulation of General Ledger (GL) accounts maintained by SBS for Central Bank of India (CBI) and State Bank of India (SBI) transactions, funds were fraudulently credited to this account.
These funds were subsequently diverted into personal accounts held by Lepcha, his wife, and other associates. The probe also exposed fraudulent manipulation of fixed deposits to increase interest earnings.
The ED’s action marks a significant step in the ongoing crackdown on financial fraud in Sikkim.
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