Impex for products such as HT cable, aluminum metal, coke calcinations packages etc. which were not even required by Samsung and the products were never even received. On the basis of fictitious orders placed by S.C. Baek, M/s Sky Implex raised false invoices and bills of exchange payable within 90-210 days and S.C. Baek misusing his official position as Financial Controller of Samsung would sign off and accept the bills of exchange. M/s Sky Impex by discounting these fictitious bills of exchange with the help of related documents would generate cash flows in its favour taking advantage of the credit extended by Samsung. In the year 2003 when S.C. Baek left UAE without permission, internal inquiries and independent audits revealed the fraud committed. Thus Samsung filed a complaint against S.C. Baek, M/s Sky Impex owned by Sukhmeet Singh Anand and others at a Police Station in Dubai. After a proper investigation and trial, the Court at Dubai came to the conclusion that Sukhmeet Singh Anand and Pradeep Ghatania dishonestly and fraudulently misappropriated a total amount of USD 85,99,757 from Samsung by fraudulent means. The accused were convicted and awarded imprisonment followed by deportation.
