Man held for embezzlement

June 19, 2013 08:45 am | Updated 08:45 am IST - CHENNAI:

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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.