A suspected financial irregularity involving Rs 35.50 lakh has been reported at Madurai Aavin, where sales collections from three regional offices were allegedly not credited to the central office for nearly a year. Following complaints, a committee headed by the Assistant General Manager (Accounts) has begun an inquiry into the alleged irregularities, with officials questioning the supervisors concerned and examining transaction records.
Madurai Aavin, Sathamangalam central office, Arapalayam, B.B. Kulam and Anna Nagar regional offices
Rs 35.50 lakh in sales collections allegedly not credited, suspected accounting irregularities, year-long financial discrepancies
Retail dealers paying cash for dairy products, regional offices responsible for collections, amounts required to be accounted for at the central office
Milk, ghee and butter sales under review, transaction records being examined, supervisors facing continued questioning
Madurai Aavin operates its central office at Sathamangalam, while regional offices function in areas including Anna Nagar, B.B. Kulam, Palanganatham and Arapalayam. These regional offices are administered by government-appointed supervisors. Aavin retail dealers purchase milk, ghee, butter and other dairy products from the regional offices after making cash payments.
According to the complaint, money collected through sales at the regional offices should be properly recorded and subsequently deposited at the Aavin central office in Sathamangalam. However, an alleged discrepancy involving Rs 35.50 lakh came to light after collections from the Arapalayam, B.B. Kulam and Anna Nagar regional offices were reportedly not credited to the central office for about one year.
Complaint letters regarding the alleged irregularity were submitted to Muthumadhavan, who recently took charge as the General Manager of Madurai Aavin. Following the complaints, he ordered an inquiry and constituted a committee headed by the Assistant General Manager (Accounts) to examine the matter.
The inquiry committee is examining sales accounts, collection records and other financial documents associated with the three regional offices. Officials are also questioning the supervisors responsible for the concerned offices as part of the ongoing investigation. The committee is expected to establish the full extent of the alleged irregularities and identify how the uncredited funds were handled.
The reported financial discrepancy involving more than Rs 35 lakh has caused concern within Madurai Aavin, while the investigation continues to determine responsibility and establish the exact circumstances behind the alleged non-crediting of sales collections.
Aavin officials said that appropriate criminal action would be initiated against those responsible if the alleged irregularities are established through the inquiry.
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