Rs 7.35 crore fraud: Two accused of duping IA sent to PC

New Delhi: Four office bearers, including chairperson of a private firm, accused of duping state-owned Indian Airlines of Rs 7.35 crore by not remitting sale proceeds of air-tickets, have been remanded to two days of police custody by a Delhi court.
"The recovery has to be effected at the instance of the accused. Therefore, two days of police custody is granted," Metropolitan Magistrate Satish Kumar said, allowing Delhi Police plea that their custodial interrogation was needed to ascertain the money trail.
Sanjeev Khanna, chairman of Delhi-based M/s Rao Tours and Travels Private Ltd, woman accused Swatanter, director of the firm, Jyotika Khanna and Satish were arrested following the complaint of Indian Airlines that they did not remit the sale proceeds of the tickets in the tune of Rs 7.35 crore with it.
Indian Airlines had on July 13, 2000 appointed the firm its authorised dealer for selling the tickets, said the complaint lodged by Tilak Raj, Manager (finance) of the Airlines.
The private firm, however, did not remit sale proceeds of the air tickets, distributed during August-September, 2006, and a cheque, issued to the company, also bounced, it alleged.
22/10/08 PTI/Hindu

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Categories: Air India Domestic Oct 2008, NACIL Oct 2008