Indore (Madhya Pradesh): An accountant of a pharmaceutical company here was arrested on Friday for embezzling the company’s funds to the tune of Rs 87 lakh. He had sold the company’s goods to medicine traders through his friend’s company and created a fake ledger account to mislead his employer.
DCP (crime) Rajesh Kumar Tripathi said that Rajesh Gangwani, owner of Nikem Drgus Private Limited, had lodged a complaint that accountant Kapil Raghuwanshi, a resident of Aerodrome area of the city, had cheated the company of Rs 87 lakh.
Gangwani informed the crime branch officials that Raghuwanshi was responsible for goods distribution to traders in 2019. He did not send the goods to the traders but mentioned in the fake ledger book that he had done so and the company had not received payment from them.
Seeing the ledger book, the company owner trusted him and when he told the traders to pay for the goods, he came to know that they had not received the supply.
Raghuwanshi had sold the goods to other traders through his friend’s company and had received some money.
The accused had later mentioned in the fake ledger book that the amount was received from the traders through cheque. But investigation revealed no such payments had been received. In all, the accused cheated the company of Rs 87 lakh. The crime branch has arrested the accused and further investigation is on. Action will also be taken against the people who helped Raghuwanshi in the crime, as per police.
