The Crime Branch has arrested a man working with a moneychanger firm for embezzling Rs 1.5 crore from the company where he used to work.
Amit Kumar (29), resident of north Delhi's Kingsway Camp, was working at a money exchange firm in World Trade Center in Connaught Place. He was arrested following a complaint filed by the company.
Additional Commissioner (Crime) Satyendra Garg said, “He was employed as a senior executive. He allegedly used to float the firm’s money in short-term lending which was under him for over a period of time.”
Kumar started embezzling after his initial act went unnoticed. When he tried to splurge, he was under scanner.
After receiving a complaint, a police team arrested Kumar from his residence on February 27. The accused was sent to a three-day police remand after he admitted his involvement in laundering.