THENI
An employee working in a private oil mill here has been found to have allegedly indulged in siphoning off the firm’s receipts in his bank account for a period of five years.
Following a complaint from Udayakumar, who runs an oil mill on Boothipuram Road here, Superintendent of Police V Baskaran directed the District Crime Branch (DCB) police to register a case.
ADVERTISEMENT
Investigations revealed that Satishkumar of Subbu Street, Keezha Raja Veethi, Bodi, was working in Udayakumar’s mill for the last six years. He was well versed with bank and accounting procedures and also familiar with computer operations that he handled day-to-day transactions.
According to the complainant, the employee, who had confessed in the presence of a few other employees, admitted to have embezzled cash to the tune of ₹ 33.18 lakh over a period of five years.
He had also failed to remit the GST and other taxes to the government. Instead of remitting ₹ 30,000 in the monthly recurring deposit on a bank account for three years in the names of Udayakumar’s kins, the employee had siphoned them off in his name and showed a fake bank pass book, police said.
ADVERTISEMENT
Likewise, he had also managed to create fake recepits of TANGEDCO and others giving an impression that the money was duly remitted on behalf of the firm.
Further investigation is on and the accused was not arrested. The DCB police registered cases under IPC Sections 406, 408 and 420.