Mangalore: Police unearth multi-crore international fraud, one arrested

Special Correspondent
Daijiworld Media Network – Mangalore

Mangalore, Feb 5: A leading sea food industry in the city, which is engaged in manufacture and export of marine products, has filed a complaint of a major fraud against its employee. Fraudulent transactions amounting to Rs 3.3 crore have been reportedly unearthed.

The Pandeshwar police have arrested Shameer Bashyar of Ullal, and taken into possession two Innova cars, a Nissan car, and a bike. He was working with the firm for the last nine years.

Shameer Bashyar, Mohammed Eshan

Bashyar with the Korean national

The matter came to light when police authorities recieved a tip-off about seven months ago that huge sums of international remittances had been recieved in bank accounts of certain individuals. The police gathered futher evidence regarding properties amassed by Bashyar.

Reliable sources said that Bashyar, in connivance with six other persons including Mohammed Eshan, who was working as a quality control executive in the same company, and another person from a relatively smaller competitor, inflicted this loss on the firm.

Although he earns a salary of around Rs 12,000 per month, Bashyar has reportedly built a bunglow worth Rs 1.5 crore, bought a fisheries boat, a poultry farm, and set up a chicken stall by name of 'Honest Chicken', and set up a company in Singapore as well. This apart, he owns five vehicles - Nissan, two Innovas, a Swift and a Tavera. It is said that the Eshan, Bashyar and their accomplices lived a lavish life, travelling by flights to various places in the country and abroad on weekends, and splurged money on seven-star suites.

Bashyar allegedly created fake email accounts, and after entering into a tacit understanding with fish importers located overseas, he reportedly caused loss to his company by diverting the business to the rival company.

Also, the role of a Korean national in the case is being investigated. The police authorities are understood to have substantial evidence against him of wilful and fraudulent breach of contract and criminal conspiracy against the Mangalore-based company.
 
The role of the employee from the other company is also being further investigated. It is said that he allegedly utilized the staff and other personnel of the Mangalore-based company and also its overseas sales network to gain unfair advantage.

The Pandeshwar police have registered a case. The police have reportedly found that a sum of Rs 3.33 crore was credited to Bashyar’s account from Korea.

However, sources said that the full extent of the fraud will come to light only after the matter is referred to the cyber crime cell to retrieve past email communication.