MUMBAI: An accountant of a share trading company who allegedly connived with others and siphoned off Rs 2.73 crore from the demat account of a client and duped the company has been arrested by the crime branch.The property cell of crime branch on Saturday arrested Manish Ramavtar Maurya, a resident of Kandivali, for cheating.
The company, Satco Capital Markets Ltd, had lodged an FIR at MRA Marg police station, alleging that its accountant Manish Mourya and a client Rakesh Vishwakarma conspired with one other and fabricated records of client ledgers and transferred Rs 2.73 crore from 2019 to 2021.Police said that when it came to light, the company suspended Maurya and started an investigation.
Police said the accused misappropriated funds of clients and transferred them into Vishwakarma's accounts and siphoned them off. The accused opened Vishwakarma's demat account only with the intention to cheat the firm.
Later, both went absconding. A police team comprising inspector Shashikant Pawar, sub-inspector Manohar Salunke and constables Chintaman Irnak and Aditya Jadhav arrested the accused.
S Ahmed Ali, Senior Assistant Editor at The Times of India, Mumba...
Read MoreS Ahmed Ali, Senior Assistant Editor at The Times of India, Mumbai, covers crime and related isues but sometimes he also takes up offbeat subjects. His interests: automobiles particularly bikes, and gymming.
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