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Ahmedabad car showroom staff sold 68 vehicles, cheated company of Rs 9.71 crore

Ahmedabad car showroom staff sold 68 vehicles, cheated company of Rs 9.71 crore

India Today11 hours ago
An Ahmedabad car showroom manager and assistant manager have been arrested for allegedly defrauding their employer by selling 68 cars without informing the company, resulting in a loss of approximately Rs 9.71 crore.The fraud came to light during an internal audit conducted in July, prompting the company's CEO, Rajneesh Arora, to file a police complaint.According to the complaint, the audit of the company's trust department revealed that 53 second-hand cars purchased by the company were missing, and another 15 cars existed only on paper - bringing the total to 68 unaccounted vehicles.advertisement
A deeper investigation found that showroom manager Jitendra Sharma and assistant manager Chirag Dutt had sold these cars to various car dealers between April and July without entering the transactions into company records.Police said that Chirag Dutt had previously committed a similar offence. During his previous employment, he allegedly sold a car using a duplicate registration certificate book. A petition had been filed against him with the Crime Branch at the time, though no FIR was registered.The CEO explained that the company typically purchases a customer's old car when they buy a new one from the showroom, offering a fixed buyback amount. Sharma and Dutt exploited this process by directly contacting customers and selling the old cars to third-party dealers.Upon inquiry, the company discovered that Chirag had personally sold 16 cars as an agent and kept the full payment. He also reportedly collected a commission of ?10,000 on each car.To avoid detection, the duo routed payments received from these unauthorised sales into company accounts to cover other official car purchases - thereby maintaining the illusion of normal operations. However, they were caught when several car records were found missing during the audit.Both accused are now in police custody.- Ends
IN THIS STORY#Ahmedabad#Gujarat
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