31 May,2011 06:38 AM IST | | Imran Gowhar
Creates a bogus employment list and collects salariesu00a0for three years; company notices variation in expenditure during annual audit and approaches cops
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AN accounts assistant duped a lingerie manufacturing company of Rs 17 lakh by creating a bogus employment list and withdrawing salaries from the fake employee's accounts for the past three years.
Though no arrests have been made so far, police are questioning how the scam has gone undetected for such a long time and suspect others in the firm, could be involved.
The racket came to light when the company situated on Kanakapura Road noticed the variation in expenditure during the annual audit.
Further verification led the management to zero in on Giriraj, who had created bank accounts of fake employees and was depositing salaries into these accounts every month.
The management checked with the bank where the accused had opened these accounts, and during the enquiry it was revealed that Giriraj used to visit the bank every month without fail to withdraw the amounts.
On the run
Following the management of the company issuing notice seeking an explanation, the accused has been absconding.
The management personnel then approached the Subramanya Nagar police station seeking assistance in the matter.
The police have taken up a case of cheating and are investigating. "It is surprising to learn that Giriraj was duping the company for the past three years and it has only come to light now," said a police officer.
One-man job?
"We suspect that there are more people involved in this scam and a detailed investigation will bring the truth to the forefront," he said.
He added that it is unbelievable that Giriraj's exploits went undetected during the annual audit and other finance related activities of the company.
When MiD DAY tried to contact the management of the company, no information was forthcoming. J Manmohan who filed the complaint on behalf of the company refused to comment on the issue.
