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Engineers' Coop Society Scam Inquiry Recommends Recovering ₹362 Crore from BSNL Officials
April 02, 2025
|The New Indian Express Thiruvananthapuram
The investigation into the BSNL Engineers' Cooperative Society scam has concluded, recommending the recovery of ₹362 crore from 19 governing body members and one employee.
Conducted by the cooperative department, the inquiry identified liabilities stemming from three governing bodies operating since 2007.
The misappropriated total comprises ₹257.34 crore in principal and ₹104.67 crore in interest, calculated at an 18% rate up to December 31, 2024. The largest recoveries are expected from nine members who served between 2017 and 2022, each responsible for ₹35 crore—₹25 crore of this amount being the misappropriated funds and ₹10 crore as accrued interest. All of these individuals were employees of BSNL.
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