Bangalore: employees of financial companies siphon Rs 1.65 crore from company; 7 arrested

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  • The regional manager filed a criminal association and breach of trust complaint against 7 employees
  • Seven employees tricked the financial company twice.

Bengaluru: In another shocking incident in Bengaluru in Karnataka, seven employees were arrested for cheating the company out of Rs 1.65 crore. According to the report, employees of the Kerala-based company including a branch manager, assistant branch manager, senior employee and four others including two women were arrested by the cops.

The company’s regional manager filed a complaint about the matter with the Basaveshwara Nagar police.

The incident unfolded when the manager (regional manager) of the company’s branch became aware of anomalies in their accounts. For this company, a regional manager takes care of 10 branches, while the regional manager takes care of 60 branches.

After conducting an internal investigation, the financial company came to the conclusion that the branch manager and the deputy branch manager had colluded with other employees to deceive the financial company twice.

Further investigation is underway in the case, with Veeranna as the main defendant, Naveen S, Sandeep J, Ramesh, Girish, Sangeeta and Bhagya as co-defendants, reported by the Bengaluru Times.

While commenting on the incident of cheating in the company, a police officer said that during the audit process it was found that the gold that had already been pledged with the company had been replaced.

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