barnala7 minutes ago
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symbolic picture.
Crores of scams have come to the fore in the Trident Group in Barnala, Punjab. The company’s former Chief Financial Officer (CFO) Harvinder Singh Gill embezzled 8 crores between 16 April 2019 and 17 February 2022. This was revealed in the audit conducted by the company.
The audit revealed that out of total 185 transactions, more than Rs 8 crore was transferred by Harvinder to his accounts through online net banking. Though he was authorized only as Transaction Maker, yet he fraudulently obtained on his mobile the one time password of the company account of State Bank of India Dholewal branch GT Road Ludhiana.
accounts in different banks
Transfer money to your personal accounts in different banks. These accounts were in SBI Bank Sarabha Nagar and HDFC Bank Jasdev Nagar (VPO Gill) Ludhiana. From here these money was further transferred to unknown accounts. His family and sons live in Belgium and Canada.
CA didn’t even know
Harvinder Singh Gill also informally admitted that he had never received any notice from the Income Tax Department even though the amount transferred in the account was much more than his salary. The company’s auditor SC Vasudev and Chartered Accountant also could not get any idea about it.
Police registered a case
A complaint was given in this regard at Barnala police station. Police have registered a case. No arrest has been made so far. Now the roles of other employees and many more accounts of the company are being probed. The company fears that the amount of embezzlement may increase further. Because the senior management of the company has got more clues of fraud.