Industry And Cluster | News & Insights

HR Head embezzles export house of Rs. 35 lakh.

Published: January 29, 2021
Author: Manali bhanushali

In most of the Indian apparel export houses, HR department is also responsible for compliance, but here’s a shocking case of an export house where the HR Head made huge money through unethical practices – significantly impacting company’s financial health.

Ludhiana-based KG Exports has around 500 workers and Jagveer Singh, HR Head of the company, was found to be involved in misappropriation of around Rs. 35.79 lakh by debiting the salary of workers who had left the company long back.

The company’s owner has reported the matter to the police. The police have registered case against the HR head and are investigating the matter.

As per information, Jagveer Singh was deluding the company by showing five ex-workers on duty for last three years, and was also keeping their salaries. The accused used to then withdraw their salaries by using the ATM cards of the employees, which he was in possession of.

The matter came into light when the owner of the company, Manish Dua, found discrepancies in accounts, and explored the issue in detail with the help of bank.

The police have footage of CCTVs at ATMs from where Jagveer withdrew the cash. “He will be arrested soon,” said a police officer.

It is pertinent to mention here that KG Exports is exporting its knitted garment to many countries across the globe.

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