Accountant held for Rs 2 crore embezzlement

Published: 05th September 2013 08:13 AM  |   Last Updated: 05th September 2013 08:13 AM   |  A+A-


A woman accountant was arrested here on Wednesday by the Central Crime Branch on charges of criminal breach of trust and forgery for allegedly swindling funds to the tune of `2.62 crore from her company.

M Jayagandhi (33), who is now cooling her heels at Central Prison in Puzhal, worked as an accountant in a logistics services company at Meenambakkam. The company’s director had entrusted her with several blank cheques, CCB police said. Jayagandhi, who was the sole in charge of all financial transactions, filled in excessive amounts on the blank cheques and swindled funds to the tune of `2.62 crore.

After the missing funds were discovered, manager Ram Haridas lodged a complaint with the Commissioner of Police. Registering a case, the CCB investigated and found that the accountant was responsible for misusing blank cheques. A special CCB team arrested Jayagandhi at Madambakkam on Wednesday morning.


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