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CEO Fraud Cheat Arrested

Oceanic Consultants CEO arrested

Estranged wife alleges embezzlement of shares worth crores

Tribune News Service Chandigarh, April 27

The Economic Offences Wing (EOW) of the Chandigarh police today arrested Naresh Gulati, director and chief executive officer (CEO) of Oceanic Consultants, a leading immigration company in Sector 9, in a case of embezzlement of shares worth crores of rupees. The police had registered the case in February this year on the directions of a local court. He has been remanded in one-day police custody. While requesting police custody of the accused, the police said the money allegedly used in the crime and the computer which he reportedly used to forge documents were yet to be recovered from the possession of the accused. Gulati has been accused of transferring shares worth crores in his name and that of his mother by using forged share certificates. His estranged wife, Shalini, had lodged the complaint against him. As per the complaint, Naresh Gulati created a forged share transfer certificate in 2009 and transferred 9, 031 shares belonging to his wife worth more than Rs 11.5 crore in favour of Sharda, his mother. Shalini also alleged that he forged a sale agreement of 469 shares belonging to her in favour of Oceanic Consultants in Australia and Rs 60 lakh was deposited in their joint account without her knowledge, which he subsequently withdrew. The complainant also alleged that she was also a shareholder in another company owned by Naresh Gulati, BPO Intelligence, and he transferred 25, 000 shares in a similar manner. Her name was also fraudulently struck off from company ownership by allegedly forging her resignation letter.

Company: Oceanic Consultants BPO Intelligence Object Next
Country: India

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