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Bengaluru: Finance firm employees swindle Rs 1.65 cr, arrested

11:07 AM Aug 22, 2021 | Team Udayavani |

Bengaluru: Police officials have arrested seven employees for cheating the company for an amount worth Rs 1.65 crore.

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Kerala-based firm employees including a branch manager, assistant branch manager, a senior employee, and four others including two women have been arrested. The accused have been identified as Veeranna, Naveen S, Sandeep J, Ramesh, Girish, Sangeeta, and Bhagya.

The incident came to light when the area manager of the company’s branch verified the transactions and realized that there are discrepancies in their accounts. Police officials claim during the audit process it was found that the gold that had been already pledged with the company had been re-pleaded.

After conducting an internal inquiry, the finance firm has accused the seven employees including the branch manager and the assistant branch manager of fraud.

A case has been registered and further investigations are underway.

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