Nashik, Jan 1 (UNI) A case of alleged fraud of Rs 20 lakh in the Employees Provident Fund (EPF) Trust of VIP Industries in Satpur area of MIDC here has come to light.
According to sources, one Shashisan Gopalkrishna Pillai, an accountant in VIP Industries, was arrested here yesterday along with his parents for allegedly cheating his company.
Pillai, who looked after the EPF accounts, had allegedly issued cheques of Rs 20 lakh in the period between year 2003 to 2005 in the name of his father Gopalkrishna Pillai and mother Sashi pillai, instead of submitting them to the EPF trust. For this he also forged signatures of one Maruti Khot, the signing authority for issuing the cheques. Later he also encashed the cheques.
For last several months, the company administration and police have been investigating into the matter. Yesterday, Maruti Khot lodged complaint against Shashisan Pillai, Gopalkrishna Pillai and Sashi Pillai and a case has been registered against them under sections 420, 408 and 34 of the Indian Penal Code and further investigations are on.
UNI GB SR AG1740