JAMMU, Jan 20: On Monday, three employees of a local flour mill were charged with embezzling over Rs 2 crore, according to police reports.
The Jammu and Kashmir Police’s crime branch opened an investigation following a complaint from Arun Mahajan, the owner of Jammu Flour Mills, who alleged financial misconduct involving Rs 2 to Rs 2.50 crore.
It was reported that the three individuals — billing clerk Narinder Chopra, accountant Amit Sharma, and salesman Dikshant Anand — redirected NEFT payments to unrelated accounts and engaged in under-billing cash transactions.
The alleged fraud came to light in September of the previous year after an audit was performed, according to police sources.
“The accused would adjust invoices from businesses, reducing a bill from Rs 1 lakh to Rs 80,000, pocketing the Rs 20,000 difference,” an official stated.
Accountant Sharma was said to have altered records to hide the fraudulent activities. The three are accused of conspiring to defraud the company, police indicated.
Anand is alleged to have created phony entities and sold products under fictitious names to various retailers.
The audit additionally uncovered that payments from the flour mill were funneled into bank accounts of family members, relatives, and friends of the accused.
Benam Tosh, Senior Superintendent of Police, Crime Branch Jammu, confirmed that a case has been initiated against the trio, and an investigation has begun.
