After learning the tricks of the business, the accused set up a new company to which he diverted his employer’s clients
A Pune-based employee of a Taiwanese company was booked on charges of duping his employers of R25 lakh after he diverted their business to his own firm.
‘SMART’ BUSINESS: Vyavahare would purchase materials at low cost and then sell it at three times the price
According to the complaint lodged by Milind Anantvijay Galgali, a representative of Group Intelmac, the company supplies machinery, gearboxes and spare parts used in various industries.
The suspect, identified as Manish Keshavrao Vyavahare, was a business manager at the Pune branch of the company Inteltech Automation — one of five subsidiaries of Group Intelmac.
Vyavahare was recently transferred to a department responsible for the sale of gearboxes and spare parts. His role was to meet clients and develop new business for the company. After learning the ropes of the business, Vyavahare launched his own company, M/s Control Tech Solutions, registered under his wife’s name and located at Rahi terrace, Narhe.
Curiously, Vyavahare wrote to the head office in Taiwan himself, to report an ongoing fraud in the company. However, after an I-T audit, it was discovered that he was the culprit all along.
Bharti Vidyapeeth Police Inspector Mahindra Chavan said the audit revealed that Vyavahare would purchase materials at low cost and then sell it at three times the cost to Inteltech Automation’s clients, claiming his company was part of Group Intelmac.
“Vyavahare started his website in the name of Control Tech and claimed it was an associate of Group Intelmac. He also issued a fake letter in the name of Group Intelmac to a company named IMG PG India Limited in Navi Mumbai,” said Chavan.