In an appalling incident, two workers of Salarpuria constructions have cheated the company over a period of time by raising fake bills with inflated charges and collecting cheques from the company and depositing them in fake bank accounts.
Bangalore Electricity Supply Company (Bescom) vigilance wing has busted the racket and arrested them. The modus operandi was unbelievable for the fraudsters — They had opened an Axis bank account in the name of ‘M/S AEE S8 Sub-division Logic Tech Development’, which was actually operated by the two workers — Suresh and Jagadeesh.
Jagadeesh (35), an assistant electrical manager with Salarpuria Group at their site Hosur Road, used to give his assistant a Bescom bill for the temporary electrical connection.
The assistant in turn would create a fake bill with highly inflated amount and returns it. Once the amount is entered into records, they used to issue a DD for the fake bill, which would be deposited in their joint account of ‘M/S AEE S8 Sub-division Logic Tech Development’.
Once the amount is there, they used to raise another DD, this time in the name of Bescom. The difference used to be pocketed by both of them. The fraud would have gone unnoticed had if the Axis Bank manager not informed the Salarpurias about it.
Ever since the account was opened in 2013, the total transaction in the account was Rs.1.5 crore and out of it Rs.12 crore was paid to the Bescom and the remaining Rs.30,00,000 was pocketed by them. The duo has apparently cheated even other construction firms like Bilimoria group and Neelanchal.