Pune city police are searching for a former manager of realty firm City Corporation Limited — developer of the Amanora Township in Hadapsar — on the charge of duping the firm of nearly Rs 45 lakh.
As per a complaint lodged by Amanora vice-president Sunil Tarte, the suspect did this by diverting commission — received between 2011 and 2020 from banks for bringing in home loan customers — to his personal account.
Tarte, in his FIR to the Hadapsar police, stated that the firm’s banking and finance manager, who was sacked on June 24 last year after the alleged fraud came to light, had forged documents and signatures of his superiors to inform 50-odd banks to transfer the commission amount, related to nearly 6,000 flats sold from 2011 to 2020, into his personal account.
The matter came to light during an audit exercise, following which the firm then sacked the manager and submitted a complaint application to the police, who, after verification, finally registered an FIR. The former manager hails from Ahmednagar and is currently a resident of Kondhwa.
“Our firm sold around 7,000 flats, but the manager accounted for only 1,000 flats and got the commission for the remaining 6,000 flats transferred from the banks to his personal account. After the fraud came to light, we gave him numerous opportunities to explain where the money had gone, but he did not visit our office. We then decided to terminate him from service. His whereabouts are not known. We decided to file a police complaint,”
“We are also conducting an internal inquiry to find out why the fraud did not come to light in the earlier audit reports since 2011, and what exactly had gone wrong. We will be taking corrective measures to prevent such incidents in future,” he added.
“The audit conducted by the realty firm revealed that the commission amount received from the banks was not proportionate to the actual number of flats sold since 2011. We conducted a preliminary inquiry and collected several documents from the realty firm and the banks to verify the matter. Our inquiry established that the manager had given an authority letter, allegedly forging signature of his superiors, to the banks to transfer the commission amount into his personal account,” deputy commissioner of police (zone V) Namrata Patil said.
Patil said, “The manager had transferred some portion of the commission amount into the realty firm’s bank account to show that all was going well in the firm.”
