Two engineers arrested for duping Vascon of Rs 34 crore - Vascon Engineers
The crime branch, Pune, on Thursday arrested two building engineers for allegedly duping the real estate company, Vascon Engineers, to the tune of over Rs 34 crore.
The suspects, Amol Shirodkar (27) of Thane and Rahul Sonawane (27) of Navi Mumbai, had surrendered to police, following directions from the Bombay high court.
Seeking their police custody, assistant public prosecutor Shilpa Mahatekar told the court that the custodial interrogation of the duo was essential as they had misappropriated the money by preparing forged bills of building materials, this after seeking the sanction of their superiors. And that their custody was required to find out if they had amassed any property with the fraud money.
The court of judicial magistrate first class S N Karakdande upheld the prosecutions plea and remanded them in police custody till May 13.
Police had earlier arrested the former vice president Manoj Kallur (48), a resident of Kanchan Galli, Law College Road, and site engineer Arvind Gangbaksh Singh after a complaint was lodged by Vascon's chartered accountant Muthuswami Krishnamurthy.
The fraud, that took place between November 1, 2007, and July 31, 2009, had come to light during the audit of the two projects -- Neelkanth Palacia and Neelkanth IT Park.
The company had found that the cost of the projects had been inflated with the submission of fake bills and tampering of records. The company also found that the good quality material had been sold as scrap.
Another complain on Vascon Engineers is 6 Vascon employees booked for fraud.
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This is the process of transferring the information provided in working drawing (plan) by the designing engineer or architect to the ground. This task is carried out by either a civil engineer who can be referred to as site engineer. Or a builder (someone that study building).
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