Employee held for theft of Rs 11 crore branded phones in Mumbai

MUMBAI: A sales executive of a private company authorised to supply high-end electronic goods was arrested allegedly for taking away 1,850 mobile phones worth Rs 11.13 crore by submitting bogus invoices.
Manish Pujari, the accused, was arrested last week after the sessions court rejected his plea for anticipatory bail .
His company had in July had lodged an FIR of cheating against Pujari at Parksite police station. As the amount involved xseveral crores the case was transferred to EOW.
The police said the company he worked for has an agreement with a top retailer to sell electronic goods of the high-end brand. The company sells on 15 to 21 days credit facility.
Pujari was given the task to complete invoices, sales orders, credit approvals made by the company as for goods to be delivered as per the purchase order received from the top retail firm. In 2020 the accounts department was told that arrears had been reconciled with remittances sent by the retail firm In November 2020, Pujari resigned from the company.
The company noticed that the amount of goods taken by the retailer till November 2020 was around Rs 11.13 crore and the payment was not received. Officials of the retail outlet said they had paid all the money and nothing was pending.
“As per the complainant the brand had returned 1,710 mobile phones to Pujari’s company, but he/ had not deposited them goods in the company’s warehouse and instead sold them and forged documents and fabricated invoices,” said an officer.