Scam of Rs 2.73cr by accountant reported in Mumbai; read to know the whole story

The Mumbai crime branch detained the accountant from the western suburb of Kandivali on Saturday based on an FIR lodged by his employer at MRA Marg police station in January of the previous year.

A 31-year-old accountant working in a share-trading company here was charged for allegedly siphoning off Rs 2.73 crore from a customer’s account, police reported on Sunday.

The Mumbai crime branch detained the accused from the western area of Kandivali on Saturday based on an FIR lodged by his employer at MRA Marg police station in January of the previous year, an official said.

Mumbai Crime Branch arrests accountant for his scam: 

As per the FIR, he stated a person had opened a demat account via the share-trading firm, and the blamed had helped him with the same.

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However, the officer said the accused did not carry out any trade in the customer’s account between 2019 and 2021 and siphoned off almost Rs 2.73 crore.

The accused, who had been on the run, was arrested based on a tip-off while he told another person involved in the crime was bolting.

A case under section 420 (fraud) and other appropriate sections of the Indian Penal Code and Information Technology Act has been reported, the official continued.