Two employees of Gujarat Informatics Limited (GIL) have been arrested by the Gandhinagar local crime branch (LCB) after an audit of the company’s books showed that there were irregularities worth Rs28.31 crore. The two people arrested are Ruchi Bhavsar and Vikrant Kansara.
Both of them were shown before the court and were sentenced to police custody for the next three days. JS Sindhav, who is the investigating officer for the case, said that the case was handed over to the Local Crime Branch a week ago. It is speculated that Ruchi is the actual brain behind the operation while Kansra is said to be her assistant.
Though the amount defrauded has been Rs2831 crore so far, investigators say that the figure is expected to increase.
The whole case began when a complaint of cheating for about 7 crore was written by the Sector 7 police station on June 4. The complaint was given By Tanush Dakhan, who had accused Bhavsar, Japan Shah, Rakesh Ami, and Sonu Singh of conducting fraud.
The complainant who is an accounts manager with GIL, a stategovernment-runn company in Gandhinagar stated that Bramin and Company were auditing the accounts and on May 25, 2022, a report with irregularities was observed. Upon more research it was found that company secretary Japan Shah, executive accountant Ruchi Bhavsar, finance executive Vikrant Kansara and deputy director Rakesh Amin had played dirty and deposited funds in 16 transaction into accounts other than GIL.
The auditor further explained their procedure, saying that the company’s information technology materials were only bought from companies approved by GIL. Payment was done on production of bills and vouchers were checked before making payments.
Japan Shah was asked to submit a statement of accounts for the year 2019-209, but Shah did not share any so as to hide their irregularities. But, on the other hand, an internal auditor had already made a report , which was delivered to the CA firm for final assessment. The report did not contain any irregularities. It was found out that the fraudulent entries were done on the same day for various dates. It was also found that the bank booki did not match the records.
Fake books of accounts were sent to the comptroller and auditor general instead of the actual books of accounts. It was later found through the audit report sent to GIL that there were many irregularities done by Japan Shah and his team.
The police filed a case of cheating, breach of trust, destruction of evidence and forgery among other sections of the IPC.
