Four more held for defrauding company

Staff Reporter

NEW DELHI: Four persons, including a woman, have been arrested by the Economic Offences Wing (EOW) of the Delhi police for allegedly defrauding Maruti Udyog Limited of crores. A former employee of the company and his brother have already been arrested in this connection.

Last year on October 23, the EOW had arrested Raj Kumar Chauhan, who was then the Deputy Manager (Finance) at Maruti Udyog Limited (MUL), for allegedly siphoning off Rs. 1.94 crores from his company. His brother, Naveen Chauhan, was arrested about a fortnight ago.

Following further investigations, a team of the Land and Building Racket Section of the EOW arrested the remaining accused. They have been identified as Ajay Kumar Kohli, Uttam Kumar Chandra, Ajay Verma and Monica Sharma.

The police said Raj Kumar, who was also looking after advertising and purchases in the company in 2004, had prepared three vouchers, amounting to Rs. 1.94 crores, in the months of January, March and May last year.

These vouchers were issued in the name of fictitious firms or to companies of those known to Naveen.

In his capacity as purchase manager, Raj Kumar had issued 15 cheques purportedly to buy various electronic items for MUL. He had issued five cheques -- amounting to Rs. 75.6 lakhs -- in favour of M/S Digital Solutions and two cheques, worth Rs. 25.35 lakhs, for M/S Entertainment Solutions.

Three other cheques, worth Rs. 24.75 lakhs, in favour of M/S Ganesh Enterprises and one cheque each to M/S Bankey Bihari Inc., M/S Bharat Electronics, M/S V.N. Techno Structure, M/S Pankaj Electronics and M/S A.V. Science and Technologies were also issued by Raj Kumar.

The accounts of these firms were opened with the Punjab National Bank, Jammu and Kashmir Bank, HDFC Bank, Indus Ind Bank, ABN Amro and the Central Bank of India.

While most of these firms were bogus, companies like Pankaj Electronics, A.V. Science and Technologies and V. N. Techno Systems belonged to people who knew Naveen. The goods ostensibly bought for MUL from genuine firms were diverted for personal use by the accused.

According to the police, Uttam Kumar had opened a bogus account in the name of Digital Solutions. Naveen had helped him by being his "introducer". Ajay Kohli had encashed Rs. 41 lakhs from the same account in connivance with Uttam.

Ajay Verma, who owned Ganesh Enterprises, had also opened another bogus account in the name of Entertainment Solutions to encash the vouchers.

Monica had helped Naveen in opening an account in the name of Bharat Electricals. The documents showed that the proprietor of the firm was Sachin Mehrotra, Monica's brother. However, Sachin was unaware of the conspiracy.

He has been staying in the United States for the past few years and was not in the know of Monica's activities, the police said.

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