CA Anoop Sagdeo faces chargesof misusing client’s co account

 

 

Chartered Accountant (CA) Anoop Charudutt Sagdeo (50), a resident of Samarth Nagar, was booked by Sitabuldi Police for allegedly manipulating the accounts of his client’s company, Ankur Logistics Pvt Ltd and misappropriating Rs 3.99 crore. Sitabuldi Police registered a case on the complaint by Director of Ankur Logistics Pvt Ltd, Kishore Amrit Waghmare (71), who had entrusted the company’s accounts and Income Tax work to C R Sagdeo & Co having its office at Rahate Colony. According to the police, CA Anoop Sagdeo, who was responsible for managing accounts of Ankur Logistics Pvt Ltd, conducted transactions worth a staggering amount of Rs 3.99 crore without authorisation, between December 11, 2013 and January 27, 2015. He secured blank cheques of Waghmare’s firm with Indian Overseas Bank, Ramdaspeth Branch, for legitimate transactions. However, he allegedly used the cheques to transfer Rs 3.99 crore to the accounts of his friends and relatives, facilitating the alleged misappropriation of funds.

 

Additionally, the CA also is accused of acquiring a second PAN card under the company’s name and employing it unlawfully to deceive Waghmare. As the information of the fraud surfaced, Waghmare reported the incident to the Sitabuldi police. The police have registered a case under Sections 406 and 420 of the Indian Penal Code against CA Anoop Sagdeo and initiated a comprehensive investigation into the matter. Sources claimed that Sagdeo has been entangled in various controversies over time. His dubious practices involved taking significant sums of money from multiple persons under the guise of investments. Unfortunately, many of his clients ended up losing their money. Meanwhile, after the alleged fraud, Sagdeo had left the city. In May this year, CA Anoop Sagdeo had met with an accident in Pune.