GURUGRAM: A Gurugram-based fast consumer goods company (FMCG) has filed a lawsuit against four people, including two of its former account managers, for siphoning Rs.283 crore from its account by making false entries in the account book. Between 2015 and 2018, the accused made multiple transactions from the company account to the personal account of people they knew, who in turn transferred the money to the accused’s personal accounts.
On the complaint of Rajesh Tara, the director of Mawana Foods Private Limited, which is headquartered in Sector 32, a complaint was filed against former employees Anshoo Aggarwal and Sanjay Mudgil as well as Bupinder Singh Latwal and Vinit Kumar, whose accounts were used to siphon money, under sections 420, 406 (criminal breach of trust), 467 (forgery of document), 471 (use of forged document as genuine) and 120B (criminal association) from the IPC to Sadar police station.
Aggarwal, a resident of Delhi, joined the company as the head of the accounting department in April 2008. In August 2012, Mudgil, a resident of Dwarka in Delhi, joined the company as the deputy head of the accounting department. In April 2015, the two employees began to carry out unauthorized transactions. The company said Mudgil made vouchers for the transactions and Aggarwal authorized them. “The amount of each fraudulent transaction has been kept below Rs 10 lakh so that Aggarwal is the first authorized signatory in accordance with company policy. After authorizing the transaction, Aggarwal used to obtain the signature of a second authorized signing officer, ”the complaint states. It was discovered that Latwal, after receiving money from the company, used to transfer almost the entire amount on the same day or the next day to the accounts of Aggarwal and Mudgil.
In order to cover up their actions, Aggarwal and Mudgil even made false entries in the company’s ledger. Payments made were shown as debits to other vendor accounts or purchases or taxes payable. The duo created false documents to prove the same.
As of January 2018, Aggarwal ceased to take office and in February he resigned by email. Soon after, Mudgil also left the company. The company detected the fraudulent payments during a bank reconciliation. After completing an internal investigation, he filed a complaint with the police in May this year. Sadar Police Station SHO said, “We are investigating and trying to locate the accused.”