Lhamoizingkha branch in-charge goes on the lam

BoBL: The Bank of Bhutan limited’s (BoBL) in-charge in Lhamoizingkha, Dagana has gone missing since May 11, after it was found that he had allegedly misused the bank’s fund.

Following an internal auditing, the in-charge was found to have misused the bank’s fund and had made a shortage of Nu 719,000.  Sources said the in-charge reported to office in Phuentsholing on May 9.  He had promised to refund the money on May 11 but didn’t do so.

Kuensel learnt he had requested for a 10-day leave to visit to India on a personal matter.  Until now, nobody has heard from him.

Meanwhile, close sources reveal that the in-charge had allegedly misused funds worth Nu 3.9M.  The modus operandi in misusing the bank’s fund was through cash deposit vouchers.

The in-charge is alleged to have made vouchers and deposit in accounts he wanted to.  However, the bank did not receive the cash physically, while the money from the bank was credited into the accounts.

As more deposits were made, the accounts increased simultaneously in the system.

People in Lhamoizingkha town, meanwhile, said the in-charge could have borrowed money from his parties to change the accounts in the system.

One of the residents said the bank in-charge is also alleged to have borrowed Nu 2.2M from someone he knew. 

Bank officials in Lhamoizingkha didn’t comment.

By Rajesh Rai, Lhamoizingkha

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