Two Indian Nationals use forged documents to Steal company Assest in Lusaka

A complex and egregious case of corporate fraud, theft, and forgery has been uncovered, implicating two Indian nationals, Mulla Abdul Kalam and Ganesh Reddy.

Kalam, employed as a manager at Lokas Trinity Drilling, allegedly collaborated with Reddy to transfer company assets without authorization.

The duo has since formed a new construction company, Sanjana Construction.

Using forged and illegal documentation, Kalam and Reddy orchestrated a sophisticated scheme to transfer assets from Lokas Drilling Construction to Sanjana Construction.

While Kalam’s employer was abroad in India, the pair illicitly changed vehicle ownership records without authorization, transferring assets, including motor vehicles, without permission.

Furthermore, the pair has been using their former employer’s system to run their payroll and swindle unsuspecting members of the public.

Despite being reported to the police, the two directors remain at large, without arrest and prosecution for forgery, theft, and money laundering.

Lokas Drilling Construction has also reported the Kalam to the immigration authorities, seeking cancellation of his work permits, but no action has been taken.

Additionally, the duo has been reported to the Zambia Revenue Authority for tax evasion and incorrect declaration of transactions.

The initia of law enforcement agencies and relevant authorities has raised concerns about the lack of accountability and the perpetuation of illicit activities.

Ganash is also involved in illegal activities in the Democratic Republic of Congo. Congolese authorities have launched a manhunt for him.

In a subsequent article, we will expose the illegal transfer of funds from company accounts by Mulla Abdul Kalam, who holds a work permit (EP30538).