The Central Crime Branch (CCB) has registered an FIR against five persons, including the chief accountant of a private school, in connection with alleged large-scale financial irregularities and misappropriation of funds amounting to ₹4 crore at the Kamala Muniyappa Educational Trust, which has been running an educational institution since 2010.
The accused, identified as Sagar H.N., Murali, Mohan, Manoj, and others, have been booked under Sections 316 (criminal breach of trust), 318 (cheating), and 61 (criminal conspiracy) of BNS.
The case was registered based on a complaint lodged by Ashoka K.M., owner of Edify School operated by the trust.
According to the complaint, the accused were required to maintain proper accounts and submit them for audit, but allegedly failed to do so. It is further alleged that the chief accounts officer and an auditor were appointed only on paper, while the financial affairs of the trust were allegedly handled arbitrarily by the trust office-bearers.
The complainant alleged that the accused created false records, manipulated account books, and diverted trust funds for personal use. Police said that from 2017 onwards, the accused allegedly misappropriated nearly ₹4 crore belonging to the trust and the school by transferring funds into their own accounts and those of their relatives.
