May 10th 2024.
In the bustling city of Bhubaneswar, a former accountant of a company has been arrested by the Economic Offences Wing for an alleged fraud of Rs 2.63 crore. The accused, Saroj Kumar Mohanty, hails from Kaliabora in Jagatsinghpur district. EOW officials were able to apprehend him on May 8th based on a complaint filed by the managing director of Sealcoat Structural Works Private Limited, Biswajit Bhuyan. It has been reported that Saroj used forged documents to deceive the company and embezzle funds.
According to sources within the EOW, Saroj had been employed as an accountant at the company from 2006 to 2008. During this time, he had been entrusted with managing the company's finances and accounts. However, his responsibilities grew and he was also given the task of handling financial deals with banks, as well as overseeing balance sheets and tax filings. It is believed that during the fiscal years 2015-16 to 2017-18, Saroj manipulated and misused his position to siphon off a staggering amount of Rs 2.63 crore through fraudulent means.
The complaint filed against Saroj alleges that he used forged documents, including a request letter to the bank and falsified signatures, to carry out his deceitful acts. He also misappropriated bank cheques that were meant for other parties and instead transferred the funds into his own account. In addition, he also withdrew funds from the company's accounts for third parties through deceitful means. The EOW officials have discovered that Saroj illegally transferred the money into various accounts, including his own. In some cases, he even withdrew payments due to parties using bank instruments and then deposited a lesser amount into their accounts through cash deposit machines.
During the investigation, the sleuths were able to seize several incriminating documents that had been forged by Saroj. The accused has been charged under Sections 420, 408, and 467 of the Indian Penal Code, along with various provisions under the Odisha Protection of Interests of Depositors Act. He was then presented before a special court in Cuttack on Thursday.
It is a grave matter when someone in a position of trust and responsibility abuses the power bestowed upon them. The company and its employees have been greatly affected by the actions of Saroj, and it is reassuring to know that the EOW has taken swift action to bring him to justice. This serves as a warning to others who may be tempted to engage in fraudulent activities, that they will not go unpunished. It is important to uphold the law and protect the interests of all parties involved.
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