Absconding Company

Enjoy the money, dear. It is a happy thing that the company's HR is still crediting your salary even after leaving. The HR needs to pay from their own salary for the mistake if it is discovered in the future.

Hello,I am with Dinesh V Divekar.While NOT extending ANY sympathy or support to your act of quitting without any information to the Company, you can take the opportunity to make amends for that act of yours by calling the HR about this issue.Dinesh has given you...

Thank you for your inputs.However, I still have a query: if the money can be recovered from the salary or other employee dues besides EPF, can the company lodge an FIR? The management is concerned that if such theft occurs and all the company does is recover fro...

Thank you, Nathrao. I am very interested to know more about Fidelity Bonds. Have you implemented it in your organization? If so, please share some details. Thanks.

Non-deposit of company money is a serious offense. What were the duties of the employee? For how long was the company's money not deposited into the company's bank account? Has the company kept any security deposit/fidelity bond since he was handling cash? First...

Fidelity insurance policies/bonds can cover the employer from such absconding cases or irrecoverable amounts. This is only an assurance for the employer's money.Employer's liability of checking the employee's background comes into the picture in these kinds of s...

"However, I am still having a query that if the money can be recovered from the salary or other employee dues besides EPF, then too can the company lodge an FIR."Answer is YES. Theft is theft once proved. FIR can be lodged.

Employees dealing with cash collection/handling can be covered by an insurance policy.I had taken fidelity insurance on the manager of my housing society who used to collect monthly charges from all owners for monthly society charges.The company will lay down ce...