HR manager creates 22 fake employees to steal Rs 18 crore with perfect attendance logs |
In a jaw-dropping case of corporate deceit, an HR manager masterminded an elaborate scheme to embezzle a staggering Rs 18 crore over the course of eight years. By creating 22 fake employee identities and logging flawless attendance for them, the manager orchestrated a flawless crime hidden in plain sight as per reports by South China Morning Post. The records seemed immaculate, the attendance flawless, but beneath the surface, a web of lies was steadily growing. The audacity of this plot not only took the company by surprise but also highlighted serious lapses in monitoring systems. What appeared to be routine attendance data turned out to be the key to one of the most ingenious financial frauds in recent memory.
Shanghai HR manager steals Rs 18 crore by creating 22 fake employees in elaborate scheme
It is a jaw-dropping case of corporate fraud: a human resources manager in Shanghai, identified only as Yang, orchestrated an elaborate embezzlement scheme that netted him a staggering 16 million yuan (Rs 18 crore). Yang worked at a labor services company handling payroll for a tech firm. What he found was a gaping loophole in the system: no salary review process. Seizing the opportunity, he created a fake employee named “Sun” and began diverting Sun’s salary to a bank card he controlled. When the company noticed the payment issue, Yang falsely claimed the tech firm had delayed payment. Over the next eight years, he fabricated records for 22 ghost employees, siphoning off their salaries and severance pay without anyone noticing. What appeared to be ordinary payroll management was actually an intricate scheme of deceit, allowing Yang to escape detection for nearly a decade and steal millions in the process.
Shanghai HR manager’s 22 ghost employee scam uncovered after tech firm’s odd discovery
A jaw-dropping payroll scam in Shanghai has exposed an HR manager’s audacious plot to steal a staggering 16 million yuan (Rs 18 crore) over eight years. Yang, employed by a labor services company, exploited a loophole in the system to create 22 fake employees, diverting their salaries to his own bank account. The fraud went unnoticed until 2022 when the tech firm noticed that one of the “perfectly present” employees, “Sun,” had never actually shown up to work. A deep dive into the payroll records revealed the full extent of Yang’s elaborate scheme. Arrested and sentenced to 10 years and two months in prison, Yang was also ordered to return 1.1 million yuan (Rs 1.2 crore), with his family repaying an additional 1.2 million yuan (Rs 1.3 crore). The case quickly went viral, sparking outrage over the flawed payroll system and Yang’s daring actions, especially when real employees were battling unpaid wages.
