Koppal, Aug. 18 -- An audit of the Koppal Urban Development Authority (KUDA) has unearthed alleged irregularities involving the unauthorised transfer of Rs 8.43 crore, triggering concern in the district. The suspected financial fraud is believed to have taken place during a period when the authority did not have a chairman or members.

According to the audit findings, unauthorised bank accounts were allegedly opened in the name of KUDA at different banks in Koppal. Funds amounting to Rs.8.43 crore were subsequently transferred through these accounts, raising serious questions about the functioning of the authority and the involvement of officials and other individuals.

The alleged irregularities reportedly occurred during 2022-23 and con...