NEWS DAILY

NEW DELHI: With the recession, came salary cuts. While many decided to move on, two ex-employees of a trading company, upset over pay-cut, planned to seek revenge from their former bosses. They allegedly manipulated their way into their former office during night and carried out fraudulent transactions that resulted in huge losses for the company.

Jitender Kumar (34) and his accomplice Harish Srivastava (46) both residents of Palam Colony near IGI Airport were arrested on Thursday.

"We received a complaint at Daryaganj police station from the company on July 13 that a wrong transaction had been carried out from one of its computers. The scrip that was traded was not even included on the market watch screen of that particular computer. The company figured out that most shares where bought at a much higher price than the prevailing market price,'' said DCP (central) Jaspal Singh.

Internal investigations, claimed company executive Ranjan Dutta, revealed that MACRO-MAGIC software was used without the knowledge of the firm with the "explicit intent to hurt the business interests'' of the company.

A case of cheating was registered at the Daryaganj police station. "It came to our notice that two ex-employees of the company, now working for another firm, were the main conspirators. They wanted to take revenge for their salary dispute with the company,'' said the investigating officer.

After the office was shut at 4.45pm on July 12, the accused came to the former office and offered peon Shankar alcohol to buy their way inside. "As Shankar left to procure some chicken, the accused entered the office, inserted the pendrive in three machines and activated the dummy software,'' said a senior police officer.