Trio Booked for Siphoning Rs 1.45 Crore from Construction Firm in Ahmedabad

Ahmedabad: Satellite police have booked a staffer of construction firm Adishwar Infrastructure, his wife and his uncle for allegedly siphoning off Rs 1.45 crore through payment diversion, material theft and forgery.

According to the complaint, the employee was hired on the recommendation of his uncle and was entrusted with handling plant operations, sales and collections at the construction firm in Prahladnagar.

The company became suspicious in June after a customer disputed an outstanding payment and shared a call recording with the employee. Following this, the firm conducted an internal audit in July, which allegedly revealed that Rs 99.4 lakh had been diverted through billed transactions.

The audit also found that material worth Rs 27.7 lakh had allegedly been billed in the company’s name but sold elsewhere, with the proceeds not deposited with the firm.

The employee was also accused of pocketing Rs 10 lakh in cash given for booking a flat and producing a forged receipt to show the payment. When the complainant confronted him after the developer denied receiving the money, the employee allegedly admitted to the forgery.

The initial loss was estimated at Rs 1.37 crore. Later, the complainant alleged a further financial loss after the employee and his wife offered their flat as security against the outstanding dues.

According to the complaint, the complainant transferred Rs 8.4 lakh to the bank accounts of the employee and his wife after they allegedly agreed to clear an outstanding loan on the flat and execute an agreement. However, they allegedly stopped responding, and the loan remained unpaid.

With this amount included, the total alleged loss was pegged at Rs 1.45 crore.

The complainant has accused the employee, his wife and uncle of acting together to divert company funds and material. DeshGujarat