A former employee of Standard Concrete Industries Limited appeared in Nadi and Lautoka Magistrates Courts last week, facing 21 charges of General Dishonesty – Causing a Loss, totaling $2.2 million.
Abdul Jalil Feroz, while employed as a Quarry Manager, allegedly failed to properly account for the monthly stock takes of aggregates between June 1, 2020, and April 30, 2021, leading to stock variance losses.
It is alleged that Feroz knew the losses would occur or that there was a significant risk of loss to Standard Concrete Industries Limited when committing the offenses.
Feroz appeared in the Nadi Magistrates Court, facing 11 counts of General Dishonesty – Causing a Loss. He was granted a Non-Cash Bail Bond of $5000 with strict bail conditions and produced a surety.
The accused also appeared at the Lautoka Magistrates Court, facing another 10 counts of General Dishonesty – Causing a Loss. He was granted bail of $1000, ordered not to re-offend, required to surrender all travel documents, and a stop departure order was issued.
The matter has been adjourned to August 29 for the second phase of disclosures.