Former Dubai company executive faces investigation for 46 crore fraud

A former general manager of a Dubai-based company is under investigation for allegedly defrauding it of 46 crore. Andrew Wood, who worked for Slip Form Middle East LLC, is accused of leasing company assets without authorization. Wood reportedly directed the leasing of these assets to another firm, which sold them to his own company, Slipform Solutions India Private Limited. He holds 99% of shares in SSICPL and is its director. The case was filed after SMEL discovered that some leased assets were not returned. Investigators allege Wood misused company data and contracts to divert business to his firm.