Commission and profits transferred into relatives’ accounts instead of firm’s
The BKC Cyber police station has booked the Mumbai unit vice-president of a Gurgaon- based online bill payment and business correspondent service company, and arrested two of its employees and agents, for allegedly duping the company of Rs 12.3 lakh by fraudulently transferring the company’s funds into their relatives’ bank accounts.
Those arrested have been identified as Brijkishor Mishra and Dharmendra Maurya. Deputy commissioner of police (cyber crime) M Rajkumar confirmed the development.
The complainant firm, Fia Technology Services Private Limited, through their authorized agents across the country (mostly in rural pockets), provide services including money transfers, mobile recharge, top-up, utility bill payment, Pan Card services and airline and luxury bus travel booking.
According to the police, the firm has authorized distributors, who bring in new agents to run the company’s franchisee across the country. The agents get a commission on every transaction or payment while the company receives a commission profit on every business transaction.
To become an agent of the firm, you need to deposit a registration fee. After credentials are verified, a login ID and password is shared. An e-wallet is also created for the new agent.
“Bachulal Kanojiya had almost completed the process to become an agent but later backed out,” an officer said. The accused then decided to take advantage of this development. The company’s wealth manager, Brijkishore Mishra, on instructions from Mumbai vice-president Amitkumar Singh, created a login ID in the name of Kanojiya and even got an e-wallet created, the officer said.
“From April 2014 to December 2015, the accused gradually transferred money from Kanojiya’s e-wallet instead of depositing it into the company’s account. The accused also fraudulently transferred part of the company's commission profit on every service into accounts that were registered in his relatives’ names. They used 15 bank accounts, which are in the names of their relatives,” said assistant inspector Nitin Londhe of BKC Cyber police station.
Inspector Ravi Sardesai said, “The two accused have been arrested under Sections 408 (Criminal breach of trust by clerk or servant), 419 (cheating by impersonation), 420 (cheating) and 34 (common intention) of Indian Penal Code and 66C (identity theft) and 66D (cheating by impersonation by using computer resource) of Information Technology Act.” The two have been remanded in police custody by a local court till March 14, he added.