Accountant held in TN for embezzling Rs 1.5 crore

  • | Sunday | 22nd July, 2018

The CCB was checking if some employees of the private bank, where Palanisamy has the account, were also involved in the crime. TIRUPUR: A 27-year-old accountant has been arrested for embezzling Rs 1.5 crore by fraudulently putting his employer’s signature on cheque leaves.Police said R Kirubakaran, hailing from Madurai district and staying at Thanthai Periyar Nagar in Avinashi, was working as an accountant with a knitwear agency on the Avinashi Road here.His employer, R Palanisamy, found that Kirubakaran had fraudulently transferred Rs 1.5 crore from his bank account to the accounts of his (Kirubakaran’s) mother Gnanambal, sister Vijayalakshmi and uncle Krishnaraj between May 2014 and March 2018.Utilising the clients’ money, which he had shown as outstanding amount in the records for a long time, Kirubakaran allegedly built a villa near Palangarai and bought a car.Based on a complaint filed by Palanisamy, the central crime branch registered a case and arrested Kirunakaran and his uncle.

TIRUPUR: A 27-year-old accountant has been arrested for embezzling Rs 1.5 crore by fraudulently putting his employer’s signature on cheque leaves.Police said R Kirubakaran, hailing from Madurai district and staying at Thanthai Periyar Nagar in Avinashi, was working as an accountant with a knitwear agency on the Avinashi Road here.His employer, R Palanisamy, found that Kirubakaran had fraudulently transferred Rs 1.5 crore from his bank account to the accounts of his (Kirubakaran’s) mother Gnanambal, sister Vijayalakshmi and uncle Krishnaraj between May 2014 and March 2018.Utilising the clients’ money, which he had shown as outstanding amount in the records for a long time, Kirubakaran allegedly built a villa near Palangarai and bought a car.Based on a complaint filed by Palanisamy, the central crime branch registered a case and arrested Kirunakaran and his uncle. The CCB was checking if some employees of the private bank, where Palanisamy has the account, were also involved in the crime.

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