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The Telegraph
Since 1st March, 1999
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Slur on duo for siphoning off crores

Two residents of Bhagalpur have been accused of misappropriating Rs 1.13 crore in a named FIR filed by a Tamil Nadu-based spinning mill company.

Though the company — Dhandapani Spinning Mills Limited, Salem, Tamil Nadu — found the embezzlement of the funds from their local office in Bhagalpur last year, a formal complaint was lodged this month only.

Ravi Kumar Dhandhania, the managing director of the company, in his written complaint to Nathnagar police station on December 26, alleged the involvement of staff Ajay Kumar Agarwala and his own relative Amit Anjani Poddar for defalcation of the amount while putting the company in the dark.

Dhandhania, originally from Bhagalpur, had migrated to Tamil Nadu in the 1990s due to the poor law and order here and established the yarn mill in Tamil Nadu. In 2010, he opened a branch office at KB Lal Road, Nathnagar, and appointed Agarwala an employee in the office. Agarwala used to sell yarn supplied from the company’s headquarters among local weavers and deposit the collected amount in the company’s account. “On December 26, 2011, when I enquired Agarwala about the amount of Rs 1.33 crore under different heads, he told me over phone that he had left the job at my office and handed all the amounts to my relative, Poddar,” Dhandhania stated in the FIR. He added that after his inquiry, Poddar told him to send bill against his (Poddar’s) new firm, Sri Venkatesh Yarn Agency, of Rs 45 lakh. He also assured Dhandhania of returning the amount soon but he deposited only Rs 22 lakh.

Nathnagar police station inspector M. Alam said investigation had been started.