Updated March 15th 2025, 13:01 IST
Viral News: Bizarre news is coming from China, where an HR manager has been exposed for mastering an audacious payroll fraud. Over the course of eight years, this individual syphoned off a jaw-dropping ₹18 crore by creating a fake workforce of 22 fake employees. How he managed to keep the scam a secret for so many years has left the corporate world stunned.
The Perfect Crime?
The HR manager, identified as Yang, held a position of trust within a tech firm, overseeing payroll for temporary workers. Using this authority, Yang fabricated employee records with fake worker names. Over time, the ghost workforce grew to 22, with salaries being funnelled into bank accounts under Yang's control.
To avoid detection, Yang meticulously maintained attendance records and ensured that the fake employees received timely salaries. The scheme was so well executed that it went unnoticed for years, even as the company unknowingly paid millions to non-existent workers.
Catch Me if You Can !
The fraud came to light years later when the finance department noticed irregularities in attendance records. One employee, "Sun," had a suspiciously perfect attendance record but had never been seen in the office. This triggered an internal investigation, which revealed the perfect crime of the HR.
Now Serving Behind the Bars
Yang has been sentenced to 10 years and two months in prison for the financial fraud. In addition to the prison term, Yang has been fined and ordered to return a portion of the money stolen from the company. This case is now being talked about widely with debates on social media, with many questioning how such a large-scale fraud could go undetected for a good eight long years.
The story of Chinese HR's payroll heist looks straight out of the movie "Catch Me If You Can," where the main character, Frank Abagnale, kept on fooling the authorities for many years without getting caught. The fraud is a cautionary tale for organisations demanding proper audits and keeping track of their books in order to prevent such scams.
Published March 15th 2025, 12:35 IST