The central crime branch (CCB) of the city police arrested a former employee of a telecom company in Royapettah, who siphoned off close to Rs. 1.5 crore.
Three of his accomplices – his elder brother, Khaja Moideen (31) and friends Abbas (31) and Ashok (27) were also apprehended on Monday.
Police said Sadiq Basha (30), a resident of Adambakkam had worked in the firm as a DTP operator from 2007 to 2010. “Basha handled cheques meant to be given to people whose property the company had rented to erect mobile phone towers. He changed the name, company information and address on the cheques and put in details of his brother and friends and delivered them,” said P. Dekshinamoorthy, inspector, CCB. Basha then quit his job and led a life of luxury, the officer added.
The fraud came to light during a company audit, following which a complaint was lodged. The three have been remanded to custody.
Keywords: telecom company fraud