Now Reading: Three booked for defrauding Pune firm of Rs 3 crore via fake invoices
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Three booked for defrauding Pune firm of Rs 3 crore via fake invoices
Paud police have registered a case against three people for allegedly defrauding a Pune-based engineering company of about Rs 3 crore using fake invoices and false records. The company manufactures wiper motors…
Paud police have registered a case against three people for allegedly defrauding a Pune-based engineering company of about Rs 3 crore using fake invoices and false records. The company manufactures wiper motors for four-wheelers, sheet-metal parts, jacks and steps.
The alleged fraud occurred between 2023 and February 16, 2026, at the Ghotawade-based firm. A factory manager approached police after discrepancies in stock and purchase records were found. The accused are Anil Shrimant Pawar, a store employee, Sarita Rokade and Tejashree Vichare, linked to a Taloja-based supplier, and Uttam Vichare, the company's purchase and dispatch head.
An internal review found 546 tonnes of sheets allegedly shown as supplied without corresponding records. Fake invoices were submitted to the accounts department and payments were made. Police are examining records and bank transactions. No arrests have been reported so far. Inspector Santosh Girigosavi is investigating.
Indian Opinion Analysis
The case highlights vulnerabilities in internal procurement controls at manufacturing firms. Similar frauds often exploit gaps between goods receipt notes and invoice processing. Under the Companies Act, 2013, listed firms must have an audit committee review related-party transactions, but smaller private companies like this one may lack such oversight. The key question is whether the accused acted alone or with collusion from the supplier's side. Police will likely examine if purchase orders were bypassed or if digital signatures were forged. The next step is forensic audit of the software entries and weighbridge receipts to trace the missing material's trail.
Source: hindustantimes.com
This brief was synthesised by AI from the source linked above.
