Archive · 1 Feb 2026
Guna treasury officer suspended over Rs 2.7 crore stamp scam
In Guna, Madhya Pradesh, a treasury officer was suspended after an inspection found a big mismatch in the records of stamps sold.
The officer and a cashier are accused of not following proper procedures, which led to a loss of Rs 2.70 crore.
The cashier is said to have taken stamps worth Rs 3.74 crore but only recorded Rs 1.04 crore.
The treasury officer is blamed for not following the rules and allowing this to happen.
The records of stamps were not kept properly since 2017-18.
The police have registered a case against the cashier.
An inspection of the Guna treasury found a mismatch between recorded and actual stamp stock, leading to a loss of Rs 2.70 crore.
A First Information Report was registered against a cashier for allegedly issuing stamps without recording the transactions.
The district treasury officer, Rakesh Kumar, was suspended for negligence and ignoring the mandatory IFMIS procedure.
The cashier, Keshav Verma, is accused of removing stamps worth Rs 3.74 crore but recording only Rs 1.04 crore.
The finance department found that mandatory registers and acknowledgements were not maintained as required by the Madhya Pradesh Treasury Code, 2020.
- Who
- Rakesh Kumar (suspended treasury officer) and Keshav Verma (accused cashier)
- What
- Alleged irregularities in the sale of stamps causing a financial loss
- When
- Inspection on December 17 and 18, FIR registered on January 24, suspension on January 31
- Where
- Guna, Madhya Pradesh
- Why
- Mismatch in stamp stock records and alleged negligence in maintaining proper records and procedures
Government/Authorities
Accused Officers
Negligence and Procedure Violations
Government/Authorities
The government alleges that the treasury officer Rakesh Kumar was negligent in his duties and ignored the mandatory IFMIS procedure, allowing the cashier to embezzle funds.
Accused Officers
The accused officers may argue that they were not properly trained or that there were systemic issues that facilitated the irregularities.
Financial Loss
Government/Authorities
The government claims a financial loss of Rs 2.70 crore due to the irregularities in stamp sales.
Accused Officers
The accused officers might dispute the extent of the financial loss or the allegations of embezzlement.
- Amount of Loss
- Rs 2.70 crore
- Date of Inspection
- December 17 and 18
- Date of Suspension
- January 31
- Date of FIR Registration
- January 24
- Accused Officer
- Keshav Verma, assistant grade-III cashier
- Suspended Officer
- Rakesh Kumar, district treasury officer
- System Involved
- Integrated Financial Management Information System (IFMIS)
- Acts Violated
- Prevention of Corruption Act and Bharatiya Nyaya Sanhita
