Accused in multi-crore fraud case produced before court, remanded to judicial custody

Mangalore Today News Network

Mangalore, Feb 14, 2013: One Mohammad Shameer Bashyar, an employee of a sea food company,  who has been accused of defrauding his own company to the tune of over Rs 3 crore, was produced before the court on February 14, Wednesday. The court later remanded him to judicial custody for 15 days.

Bashyar of Ullal who worked for the sea food company since  nine years, had resorted to fraudulent transactions worth Rs 3.3 crore by faking the email accounts and himself entering into agreements with fish importers overseas without the knowledge o the company management. The suspicion arose when Bashyar who earned just Rs 12000 per month  constructed a palatial house worth Rs 1.5 crore and also opened a company in Singapore, apart from venturing into other businesses.

Even the parents of Bashyar namely  K Abbas and Humaya Banu are the accused as the properties constructed by Bashyar using the misappropriated money were in their name.

The police, meanwhile are on the lookout for a Korean national named Chang Lee who is facing charges of criminal conspiracy against the sea food company.