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Asian Paints employee booked for ‘stealing confidential info, causing Rs 6-crore loss to firm’ | Mumbai News

An employee of Asian Paints was booked Tuesday for allegedly stealing the company’s confidential information causing wrongful loss to the complainant company to the tune of Rs 6 crore.

The accused, Subodh Arvind Jain, was employed with Asian Paints Company in the Sales and Marketing department for around 12 years.

According to police, on July 24, Jain resigned from the service and told his superior that he was leaving the job as he wish to work in some other organisation. He was asked to serve the notice period till August 23.

The company conducted an internal audit between July 31 to August 2 which revealed that Jain in July had stolen company’s crucial information and sent it to three email ids including to his personal one.

In all, he sent total 70 emails containing confidential information on the said three email Ids.

According to the FIR, the said emails contained confidential information such as month on month sales data of Asian Paints from 2019 till date, the unit wise details of the sales made, details of the products sold to different dealers, details of dealers, rebate given and amount received from dealer.

Also, details of different classification of dealers made by the Asian Paints and the benefits given to them under various schemes, sales plan of the Asian Paint devised on the basis of the past sales data and the performance of the Asian Paints, the FIR stated.

The compromised data also contains the business opportunities (on-going or follow up) of each site in the region, power point presentations of the sales data of the Asian Paints, past information about the Service Providers of Safe Painting Service of the Asian Paint and data of potential customers.

The compromised files also contained data of critical business partners of Asian Paints along with key projects being driven around them which can be used by competitors to lure these business partners or gain competitive advantage.

Using these crucial information, dealers can be poached by competitors if the data is made available to them, the complainant said in the FIR.

The information was given to Jain as he was an employee of the company and entrusted with the responsibility of sales and marketing department’s work.

The alleged misuse of the said confidential information allegedly caused a loss of Rs 6 crore to the Asian Paints company, complainant claims in the FIR.

Following this, the paint company, which has an office in Santacruz (East), filed a complaint with the police.

After preliminary inquiry, the police have filed an FIR against Jain and unknown others under sections 406, 420 of the Indian Penal Code and 66, 66B, and 72A of the Information Technology Act.

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No arrest has been made in the case yet, a police officer said.

The police are checking if the complainant’s rival company was involved in the conspiracy of the said crime and nurturing the accused for stealing the confidential data.

The police are checking the phone call and bank account details and scrutinizing all the emails accounts of the accused person, to check if he was doing it on the direction of someone.

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