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LOKENDRA KUMAR (Advocate)     15 August 2013

Financial fraud by an employee in company

Dear Sir/ Madam,

I have a question regarding finacial fraud done by an employee in a private organization.

If some employee did some financial fraud in a private company and run away...what legal options company could have ?

what are all laws applicable on such employee.

Please suggest...

Thanks in advance.



 5 Replies

Sudhir Kumar, Advocate (Advocate)     15 August 2013

how are you connected with the matter aas a student.

LOKENDRA KUMAR (Advocate)     15 August 2013

Dear Sir,

Thank you for the quick response.

I am not connected to this matter by any of means, We are working to prepare a report on this topic as our case case study.

I just wanted to know genearal applicable laws in this scenerio.

 

Thank You,

Sudhir Kumar, Advocate (Advocate)     15 August 2013

alternatives with the employer

 

  1. Give FIR giving details of the methods of fraud.
  2. initte action as per standing order hold inquiry and throw him out of job.
  3. just forget and ask his resignation
  4. just forget altogather
  5. promote the employee

 

it is for employer to decide which way he wants to go

LOKENDRA KUMAR (Advocate)     16 August 2013

Thank You so much for the response it would be very helpful.

Sudhir Kumar, Advocate (Advocate)     17 August 2013

the options cited by me above will not apply in case employer is public body or Ltd company.


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