Alleged Ducati Bangalore scam: Ex-employee arrested for diverting 5.2 crores of customer money

Bullfrog · 6th November 2023, 13:04

Quote:

Originally Posted by clementw

It started in 2019, surely the owner is not riding around with a FR plate so long? This story hides more than it tells.

Correct observation. Looks like they have got a fall guy for all the scam carried out as a larger group.

Pkumarblore · 6th November 2023, 13:50

Unbelievable!!!
Between July 2019 till Sep 2023, 4 Financial Years have passed and 4 Balance Sheets would have been filed after complete annual audits. How can this be missed considering the small scale of sales of Ducati India. Like I read in one of the posts above from a professional Auditor, even small supermarkets have complete control on inventory and sales figures. I even fail to understand how customers or even vehicle loan providing banks/financial institutions credit payments to an employee's personal account. This just doesn't add up. A simple investigation will reveal everything.

tharian · 2nd December 2023, 08:15

A news report in today's Deccan Herald, Bangalore edition.

itwasntme · 3rd December 2023, 05:54

How is this even possible? Feel bad for the owners; deeply unlikely they were in on the scam. They must have thought it is an ‘official’ discount.

Now not only will their bikes be seized, they will not get their monies back until the court cases close. Ducati India should recompense them rather than let it fester.

Arshad YR · 15th April 2024, 14:10

Hello Everyone,
One of the influencers that i follow Ducaman has been affected by this scam. It's heartbreaking to see someone spend so much money and still not have the bike in their possession. I would like to advise anyone buying a superbike or any other vehicle to be cautious.
Video link in English:

https://youtu.be/pWoB8FFPdSQ?si=qDKXbDZyO7-eFRGs

Malayalam video:
Part 1:

https://youtu.be/Fv0ONsB13Lw?si=RUkS2lZdrdNvg8IP

Part 2:

https://youtu.be/nEr3KgVBF2w?si=n9q7pXM-49aswliV

Note to mods: It would be great if this could be bumped up so that potential buyers can be aware and do their due diligence before spending their money.

6th November 2023, 13:50	#32
Pkumarblore BHPian Join Date: Apr 2019 Location: Bangalore Posts: 175 Thanked: 352 Times	Re: Alleged Ducati Bangalore scam: Ex-employee arrested for diverting 5.2 crores of customer money Unbelievable!!! Between July 2019 till Sep 2023, 4 Financial Years have passed and 4 Balance Sheets would have been filed after complete annual audits. How can this be missed considering the small scale of sales of Ducati India. Like I read in one of the posts above from a professional Auditor, even small supermarkets have complete control on inventory and sales figures. I even fail to understand how customers or even vehicle loan providing banks/financial institutions credit payments to an employee's personal account. This just doesn't add up. A simple investigation will reveal everything.
	(1) Thanks

2nd December 2023, 08:15	#33
tharian Senior - BHPian Join Date: Dec 2011 Location: SBC Posts: 3,986 Thanked: 8,041 Times View My Garage	Re: Alleged Ducati Bangalore scam: Ex-employee arrested for diverting 5.2 crores of customer money A news report in today's Deccan Herald, Bangalore edition. Attached Thumbnails
	(2) Thanks

3rd December 2023, 05:54	#34
itwasntme Distinguished - BHPian Join Date: May 2007 Location: BANGALORE Posts: 6,986 Thanked: 12,544 Times View My Garage	Re: Alleged Ducati Bangalore scam: Ex-employee arrested for diverting 5.2 crores of customer money How is this even possible? Feel bad for the owners; deeply unlikely they were in on the scam. They must have thought it is an ‘official’ discount. Now not only will their bikes be seized, they will not get their monies back until the court cases close. Ducati India should recompense them rather than let it fester.
	(1) Thanks