It’s not often scammers are able to get away with the ultimate heist. A 62-year-old man tried his luck of the draw when he attempted to dupe a food company by misappropriating stock items issued in the name of his firm.
Anil Sethi, a resident of Rajouri Garden, India, was arrested by the police after a complaint was issued. The complaint against the culprit was registered by Britannia Industries Limited, which engaged in the business of manufacturing, marketing, distributing and selling a variety of bakery and dairy products.
According to authorities, Sethi Agencies was running as a carrying and forwarding agent for Britannia Industries Limited. They were entrusted with goods manufactured by the complainant that would eventually be sold to a number of distributors and wholesalers.
An agreement signed between the two companies clearly stated that Sethi Agencies was not allowed to use, deal with, dispose or sell any goods from Britannia Industries Limited at any time. That clearly wasn’t the case.
Sethi Agencies received a bad wrap from different distributors through 2018 and 2019. A decision was made by Britannia Industries Limited to transit from Sethi Agencies to another company because of these complaints.
In October 2019, to make the transition a smoother process, a handover stock audit was conducted. This audit discovered that instead of 183,765 boxes of stock Sethi Agencies were meant to have available, only 121,236 were accounted for. That’s a total of 62,419 boxes missing. During the investigation, information about expired and damaged stocks was also made available, adding 5,344 boxes to the list of those missing.
Although the company had registered Anju Sethi, the wife of Anil, as the proprietor for Sethi Agencies, it was Anil running the business. Apparently, to write matters wrong, Anil issued three cheques to make up for the amount Britannia Industries Limited lost during that time but the cheques got bounced.
Once a scammer, always a scammer.