After the City and Industrial Development Corporation (CIDCO) was hit by a Rs3 crore fraudulent employee scheme, the organisation has taken action by transferring 147 employees from various departments for the first time in 10 years. This move is seen as a means of cleaning up the organisation.
A total of 31 clerks/typists, 16 office assistants, 15 field officers, 13 draughtsmen, 14 surveyors, 10 stenographers, and 48 peons are affected by this decision.
CIDCO has been in the spotlight for its financial situation and controversies in recent years. The nodal agency, which has invested in various mega projects such as the metro and international airport, has reportedly faced financial stress during the pandemic due to project delays.
In a recent incident, an official from the CIDCO personnel department was accused of defrauding the organisation by withdrawing salaries worth Rs3 crore in the name of 28 fake employees over several years.
A cleanup drive ordered by CIDCO MD and VC Sanjay Mukherjee following this,
resulted in a transfer of 147 employees from various departments, which is the first such move in a decade. An official from CIDCO noted that this transfer drive is a direct consequence of the bogus employee scam.
An official of CIDCO spoke about the changes that have taken place under Mukherjee’s leadership, stating that the agency has secured a financial line of credit for water supply improvement from nationalised and top private banks. The Navi Mumbai Metro project has reached its final stages, with safety trials being conducted on the route and finishing touches being given to the stations.
CIDCO has also undertaken large-scale sales of commercial plots, attracting record bids. Administrative work has been streamlined, as evidenced by the recent bulk transfer of officers and personnel following the Rs 3 crore bogus employees’ scam. However, a city developer expressed scepticism and hoped for better days in dealing with CIDCO.
Value our content... contribute towards our growth. Even a small contribution a month would be of great help for us.
Since five years, we have been serving the industry through daily news and stories. Our content is free for all and we plan to keep it that way.
Support HRKatha. Pay Here (All it takes is a minute)