CEO accused of defrauding his own company in HSR!

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Eshwar Reddy who owns Praneet Mobile LLP in HSR Layout has accused his CEO of cheating the company worth Rs 20.04 lakh.
 
 
CEO accused of defrauding his own company in HSR! 1
 
 
According to the FIR lodged at the HSR police station, the company based on 11th Main Road in Sector 7, had sold 254 mobile phones worth Rs 43.15 lakh. Harish Appanna, the 42-year-old CEO was supposed to have deposited this amount into the company bank account.
 
However, he allegedly deposited only Rs 24.05 lakh. In addition, he failed to deposit the company’s Konanakunte branch’s cash reserves of Rs 53,000. Also, Rs 41990 that was allegedly paid to the CEO through Paytm was not transferred to the company account. In all, the CEO is alleged to have defrauded the company of Rs 20.04 lakh. Curiously, though this financial transaction happened between July 18, 2018 and September 1, 2018, the FIR was only lodged on November 6, 2018.
 
The cops have filed three cases against the accused under IPC 1860 (U/s-406,408,420).

 

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