Early Times Report
Jammu, Aug 26: Crime Branch (CB) Jammu registered a case of fraud against Manager Accounts, Kamal Gupta and his associates working in M/S KC Hyundai, Jammu in misappropriation of Rs 2.13 crore rupees.
According to sources the accused manager along with his associates, taking advantage of his position had misappropriated the funds of the company by way of cheating and fraud. "He kept misrepresenting to the management that exchange are payable to the customers and in this way, got the cheques signed from the management and were en-cashed by him and showed in books that this is recoverable from Hyundai in books but in fact the amount was not recoverable from Hyundai Company", sources said.
They further said that the owner of the company Rajiv Choudhary approached CB. "Before enquiry could be started into the matter to establish prima fascia of the case, the accused filed petitions before High Court of J&K and subsequently Supreme Court of India, to prevent Crime Branch, Jammu from proceeding ahead into the matter", they said, adding that in both the petitions were contested by Crime Branch, Jammu and were got dismissed.
He said that accordingly an enquiry into the complaint was preceded further by Crime Branch, Jammu.
"Accused Kamal Gupta in the course of his employment as Manager accounts in M/S KC Hyundai, Bye Pass Road has misappropriated companies money while playing with the accounts in connivance with one Rohit Patel resident of Rishi Nagar, Ludhiana who was vendor in company for providing Teflon coating and flushing of Engine oil and in connivance with Masood Ahmed Bhat, who being broker on behalf of company for selling vehicles in Anantnag Market", sources said.
They said that Kamal Gupta having close association with Masood Ahmed Bhat has made excess payment of commission against the sale of vehicles amounting to Rs. 14,18,000/- which was never due to him and the said Masood Ahmed duped the Company for an amount of Rs. 63 lakhs against cars to which the proceeds of vehicles sold through Masood Ahmed have been shown received which is not correct.
"Kamal Gupta with Rohit Patel got prepared fake bills for Teflon coating of vehicle and flushing of engine oil, which services were never provided to the customers and has withdrawn an amount of Rs. 45,74,000/", they added.
"Accused Kamal Gupta and his accomplice have misappropriated/embezzled the funds of the company to the tune of Rs. 2.13 crores by way of cheating and fraud and misrepresenting to the management", they added. |
