Nava bharat ventures limited
FRAUD BY AN EMPLOYEE

Nava Bharat Ventures Limited is public limited company in india. It has sugar manufacturing unit at Samalkot, which is also knwn as Deccan Sugars.

One employee of this unit has purchased land to an extent of Ac.25.00 cents which is worth of more than Rs TWO CRORES in his personal name by utilsing the Company funds. The funds of the Company are nothing but the INVESTMENT OF THE SHAREHOLDERS. Utilising the money of the share holders by an employee for purchase of properties in his personal namne is nothing betrayal of the confidence reposed in the company by the shareholders,

The manahement of the Company is very silent about it for the reasons best known to them alone.

All shareholders and investrs of the company should take up the matter with appropriate law enforcing authority.

with regards

Company: Nava bharat ventures limited
Country: India
State: Andhra Pradesh
City: East Godavari

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