A 31-year-old accountant working in a share-trading firm here was arrested for allegedly siphoning off Rs 2.73 crore from a client's account, police said on Sunday
Representative Image
A 31-year-old accountant working in a share-trading firm here was arrested for allegedly siphoning off Rs 2.73 crore from a client's account, police said on Sunday.
ADVERTISEMENT
The Mumbai crime branch arrested the accused from the western suburb of Kandivali on Saturday based on a complaint lodged by his employer at MRA Marg police station in January last year, an official said.
As per the complaint, a person had opened a demat account through the shar-trading company and the accused had helped him with the same, he said.
Also Read: Mumbai Police nab man after chase, e-cigarettes worth Rs 66 lakh seized
However, the accused did not carry out any transaction in the client's account between 2019 and 2021 and siphoned off around Rs 2.73 crore, the official said.
The accused, who had been on the run, was apprehended based on a tip-off, while another person involved in the crime is absconding, he said.
A case under section 420 (cheating) and other relevant sections of the Indian Penal Code and Information Technology Act has been registered, the official added.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
