Receipts Are There, But the Money Is Missing! What Really Happened?

A major fraud allegation has surfaced in Mugdumpuram village of Narsampet mandal, where members of women’s self help groups claim that large amounts of money deposited in a local mini bank are missing from official bank records. The alleged scam is estimated to be between ₹30 lakh and ₹40 lakh. Under three Village Organizations, namely Vigneshwara, Rajeswari, and Banjara, around 80 women’s groups have been operating. Members say they regularly deposited savings, loan repayments, and interest amounts, but many transactions are not reflected in bank statements.

The issue came to light when members of the Jhansi Group applied for a ₹10 lakh loan and found discrepancies in their account records. Bank verification reportedly revealed a difference of about ₹80,000 in the group's transactions. Preliminary audits in six groups have identified irregularities of nearly ₹3 lakh. Women allege that while vouchers were issued for full deposits, only partial amounts ranging from ₹10,000 to ₹30,000 were credited to bank accounts in some cases. The incident has raised serious concerns over the lack of auditing and supervision during the past four years.