Postmaster dupes depositors with Rs. 1.25 crores for IPL betting

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A sub-postmaster in Madhya Pradesh’s Sagar district allegedly spent depositors’ money to the tune of Rs 1.25 crore on IPL betting, reported Indian Express on Wednesday. The accused, Vishal Ahirwar (36), was arrested on May 20 after the matter came to light earlier this month when some people contacted the sub-post office on the completion of their fixed deposit (FD) terms, Government Railway Police police station in charge Ajay Dhurve said.

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When depositors enquired the post office employees told them that their FD numbers and account numbers did not exist in the records, and there were no FDs in their names, he said. When the depositors repeatedly visited the sub-post office for the next few days to enquire about their investments, they were told that the sub-postmaster had allegedly put their money in an IPL betting racket app that offered to multiply it fast, the official said.

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Ahirwar was then suspended, following which the depositors complained to the police against him. Based on the complaints, the police arrested Ahirwar on May 20, the GRP official said.

The husband of a woman, Varsha, had deposited Rs nine lakh in the post office. However, she lost her husband and father-in-law during the COVID-19 crisis, a PTI report said. An elderly woman, Kishori Bai, had deposited Rs 5 lakh in the post office for arranging funds for the marriage of her four daughters, but she is now left with nothing, an official said.

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Another senior citizen, Parmanand Sahu, who had deposited his retirement benefit amount in the post office considering it the safest investment option, is now running from pillar to post to recover the money, the official said.

Following Ahirwar’s questioning, names of 20 victims have so far come to light who have been allegedly duped of about Rs 1.25 crore, Dhurve said. A case has been registered against Ahirwar under Indian Penal Code Sections 420 (cheating) and 408 (criminal breach of trust by clerk or servant), the official said.