HR man­ager of tex­tile fac­tory em­bez­zles 95 lakh, ar­rested

DNA Sunday (Mumbai) - - MU BAI - Dhanan­jay Kha­tri

A 55-year-old man was ar­rested by the MIDC Po­lice on Fri­day evening in con­nec­tion with a cheat­ing case lodged against him by his em­ploy­ers. The ac­cused iden­ti­fied as Nitin Bo­rade was work­ing as Hu­man Re­source (HR) man­ager at a tex­tile com­pany. Bo­rade is said to have conned the comapny own­ers to the tune of Rs 95 lakh in to­tal. Bo­rade sur­ren­dered him­self to the cops and as per the po­lice, he al­legedly forged sig­na­tures of the com­pany’s di­rec­tors to chan­nel money into his pri­vate ac­count.

Ac­cord­ing to sources in the po­lice, com­plainant Karan Sehgal, who runs the tex­tile fac­tory in Thane along with his brother Kabir, father Ra­jan, and Bo­rade, was sus­pi­cious of the com­pany’s bal­ance sheet. Preliminary in­ves­ti­ga­tion re­vealed that Bo­rade was re­spon­si­ble for em­bez­zling money. Bo­rade was work­ing with the firm since 1992 and was en­trusted with cred­it­ting salaries of the other 60 em­ploy­ees, preparing labour wel­fare fund bills, deal­ing in is­sues re­lated to salary and preparing salary sheets. After re­ceiv­ing ap­proval from se­nior of­fi­cials, Bo­rade sought fi­nal con­sent from the se­nior ac­coun­tant to re­lease salary into em­ployee ac­counts, the po­lice said.

“On find­ing some­thing fishy in the com­pany’s in­ter­nal au­dit reports, the own­ers con­fronted Bo­rade. He told his own­ers that he em­bez­zled for only two months as he was short on cash. The own­ers re­alised that the names of two for­mer em­ploy­ees were not struck off from the list. In­stead, Bo­rade kept en­cash­ing their che­ques. Us­ing this modus operandi, Bo­rade had em­bez­zled close to Rs 16 lakh from 2011 to 2018,” se­nior po­lice in­specto, MIDC Po­lice, Nitin Alaknure said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.