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Financial fraud done by an employee to the company
04-Aug-2026 (In Criminal Law)
2 of our employees done a financial fraud by forging invoices by changing the beneficiary name and made payment to their known sources and got back the money from them.
Need to recover money from them and punish them legally.
What should i do now?
Based on the facts stated, the acts of the employees disclose serious criminal offences involving forgery, cheating, criminal breach of trust and falsification of financial records. Preserve all original invoices, payment records, bank statements, emails, CCTV footage and electronic evidence without alteration. Conduct an internal audit to quantify the loss and identify all beneficiaries of the fraudulent transfers. Thereafter, lodge a detailed police complaint/FIR against the employees and any other persons who knowingly received the diverted funds. You may also initiate departmental/disciplinary proceedings and terminate their services in accordance with the applicable service rules. For recovery of the misappropriated amount, you can institute appropriate civil proceedings in addition to seeking restitution during the criminal process. Prompt legal action will improve the chances of tracing the funds and holding all involved persons accountable.
Helpful?
Adv. Hemalatha Narayanan
Adv. Hemalatha Narayanan
Chennai | 100+ Answers
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Dear Client…. If they are still employed, first suspend
To initiate criminal proceedings, you must file a FIR at your local police station. If the amount is exceptionally large, you should approach EOW of your district police. Ensure your legal counsel references the appropriate sections of the Bharatiya Nyaya Sanhita (BNS) you must take civil legal action to recover the remaining missing funds.
Ask your advocate to draft a formal legal notice demanding the immediate return of the remaining balance within a stipulated timeframe…. Need furthermore clarification or doubts call me thank you
Helpful?
Adv. Iyappan. E
Adv. Iyappan. E
Chennai | 100+ Answers
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Based on the facts stated, this appears to involve offences such as forgery, cheating, criminal breach of trust, falsification of accounts, and criminal conspiracy. Preserve all evidence, including invoices, payment records, bank statements, emails, audit reports, CCTV footage, and electronic records. Lodge a detailed police complaint seeking registration of an FIR against the employees and any other persons involved. Simultaneously, initiate departmental disciplinary proceedings (if applicable) and take appropriate civil action for recovery of the misappropriated amount, including attachment of assets where legally permissible. A detailed legal review of the documents will help determine the most effective criminal and civil remedies.
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Adv. Elango D
Adv. Elango D
Kanyakumari | 5+ Answers
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Hello Sir/Mam,
you can initiate criminal complaints against them for forgery and cheating you and the Company and you can also file Recovery of Money suits for recovering the said amount. Do feel free to contact us for more details and clarifications. Thank you
Helpful?
Adv. Adhithyan C
Adv. Adhithyan C
Coimbatore | 100+ Answers
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You can lodge a police complaint against the said accused persons for cheating and misappropriation of funds and criminal breach of trust. Raise a formal complaint with the nearest police station within your jurisdictional limit, along with the bank transactional and fake invoices as proof.
Helpful?
Adv. Joel S
Adv. Joel S
Coimbatore | 5+ Answers
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