Ahmedabad: A director of a construction company in Prahladnagar has reported a significant case of embezzlement involving an employee, his wife, and his uncle. The trio allegedly misappropriated Rs 1.45 crore by collecting payments from customers, diverting construction materials, and fabricating documents to cover their actions. The Satellite police received the complaint on Thursday, indicating a serious breach of trust within the company.
Suspicion arose in June 2026 when one of the customers disputed the amount allegedly due and said he would speak to the employee, according to the complaint. The complaint puts the alleged diversion through billed transactions at about Rs 99.4 lakh. Another set of transactions involving two customers allegedly accounted for Rs 27.7 lakh. The complaint further alleges that the employee was entrusted with Rs 10 lakh in cash to deposit with a developer towards a flat booked by the complainant. The complainant said the alleged losses initially identified through the company’s accounts totalled Rs 1.37 crore. The complainant transferred Rs 8.4 lakh to the accounts of the employee and his wife after they allegedly agreed to clear an outstanding loan on the flat and execute an agreement. With this amount, the alleged loss was pegged at Rs 1.45 crore.
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The complainant told police that the employee’s uncle had recommended him for a job. When the complainant checked with the developer, he was allegedly told that no payment had been received and the signature was not genuine. He was hired and subsequently entrusted with plant operations, sales and collection of outstanding payments from customers. The customer later shared a recording of his conversation with the employee, prompting the company to examine its accounts. During an internal audit conducted in July, the company detected irregularities involving customer payments and material. The complainant alleged that material billed in the company’s name was sold elsewhere and payments were retained instead of being deposited with the firm. The employee instead obtained a diary from the developer, allegedly forged a signature in it and handed it to the complainant as proof of payment. The employee later admitted that he had kept the money and forged the signature. He alleged further financial loss after the employee and his wife offered their flat as security against the dues. The complainant alleged that they subsequently stopped responding and the loan remained unpaid. The complainant has accused the employee, his wife and uncle of acting together and diverting company funds and material. Here are more Raksha Bandhan wishes , Bhadra kaal and Shubh Muhurat from The Times of India. Download the TOI App.