₹393 Crore Mismatch Rings Alarm At Madhya Pradesh Textbook Corporation, Audit Seeks Special Probe
Bhopal (Madhya Pradesh): Normally, the amount deposited in bank accounts is higher than that recorded in a cash book. However, an audit of the Madhya Pradesh Textbook Corporation (MPTBC) has found the reverse, flagging a difference of over Rs 393 crore. The corporation's audit for financial year 2024-25 found that its cash book reflected Rs 393 crore more than the amount deposited in banks,…
Bhopal, Madhya Pradesh — An audit of the Madhya Pradesh Textbook Corporation (MPTBC) has uncovered a staggering discrepancy of over Rs 393 crore, prompting calls for a special investigation into potential irregularities. The financial year 2024-25 audit revealed that the corporation's cash book recorded Rs 393 crore more than the actual amount deposited in banks, raising questions about the corporation's financial management practices.
The audit report also highlighted a consistent pattern of discrepancies over the past few years, suggesting a recurring issue within the corporation. Furthermore, an examination of the Bank Reconciliation Statement (BRS) for the 2024-25 financial year found a significant mismatch between the bank statement and the corporation's Tally cash book, amounting to Rs 393,55,13,903.42.
The audit team found that instead of maintaining a manual cash book, the corporation relied on Tally software to prepare its cash book, which was then used to generate the BRS. This discovery led to further scrutiny, revealing a difference of Rs 8,44,32,417 between the amount reported by various depots for book-sale income and the corresponding amount recorded in the Tally cash book at the headquarters.
The audit report indicated that similar discrepancies had been reported in previous years, indicating a potential systemic issue within the corporation's financial processes. The audit concluded by stating that if any irregularities were identified in the future, full responsibility would be placed on the corporation administration.
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