Official of BMW store booked for Rs 27 lakh fraud

An assistant general manager of BMW was booked on Thursday on the charges of allegedly embezzling funds to the tune of Rs 27 lakh in May 2011.

Updated on: Feb 24, 2012, 01:21:49 IST

Hindustan Times | By Leena Dhankhar, Gurgaon

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An assistant general manager of BMW was booked on Thursday on the charges of allegedly embezzling funds to the tune of Rs 27 lakh in May 2011.

The accused allegedly transferred the amount to his saving bank account after selling two cars to Delhi-based customers. The fraud came to light when store officials were cross-checking the accounts.

The accused AGM Rahul Pandey, a resident of Sector 29 in Noida, was working with MBW dealer Bird Automotive in Sector 12, Gurgaon.

The store dealt in the sale of second-hands cars.

Store officials said Pandey was in direct touch with clients and gave them good offers on the purchase of cars. He subsequently sold two cars to Delhi-based people in May 2011.

The AGM also allegedly prepared gate passes on the basis of fake documents.

While BMW 523i model HR26m6892 was sold for R10, 45,000 to Daryaganj resident Manoj Joshi, BMW 3251i model HR26Q6994 was sold for Rs 16,75,000 to Dwarka resident Ranjay Trehan.

The payment was made in cash to the AGM.

Pandey resigned from the job in June 2011.

While scanning records last week, officials noticed that an amount of R27 lakh, against two BMW cars sold by Pandey, had not been deposited in the company's account.

Company officials contacted the clients, who informed them that they had already made the payment to Pandey last year.

Further investigation revealed that Pandey had deposited the money in his personal and family accounts.

Following this, a complaint was made in the Economic Offences Cell of Gurgaon.

A case of fraud was later registered at the Civil Lines police station on Wednesday.

Pandey had also mentioned in the company records that he owned a house in Noida, but the police found that he was staying on rent.

“We are probing the matter. A case has been registered. The accused would soon be arrested,” said investigating officer Naresh Kumar.

ABOUT THE AUTHOR
Leena Dhankhar
Leena Dhankhar is the Bureau Chief of the Gurugram bureau at Hindustan Times, where she covers crime, excise, civic agencies, forests and wildlife, real estate, and politics. With over a decade of experience at the organisation, she has reported some of the region’s most impactful stories, known for her deep investigative work and on-ground reporting. Leena has extensively covered major crime cases, systemic lapses and financial irregularities, often exposing civic agency failures and prompting administrative action. Her journalism is driven by accountability, public interest, and a commitment to highlighting issues that shape everyday life in Gurugram.Read More

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