Man arrested for embezzling Rs 5 Cr from former employer

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Man arrested for embezzling Rs 5 Cr from former employer
Man arrested for embezzling Rs 5 Cr from former employer

Cyril and Christopher transferred the embezzled money to the bank accounts of their associates in Spain and Belgium

The Central Crime Branch (CCB) of the Greater Chennai Police (GCP) has apprehended an individual for allegedly defrauding a company of Rs 5 crore. The suspect, identified as J Augustin Cyril, had previously worked as a senior accounting specialist for the company according to The Indian Express.

According to the police, Cyril misused his SAP account’s user ID to create false payment requests from Belgium and Spain between July 2022 and February 2023. With the assistance of his accomplice, A Robin Christopher, Cyril misappropriated the aforementioned sum.

The company’s manager, C Ramesh Chockalingam, reported the incident to the police. Chockalingam informed the authorities that Cyril and Christopher transferred the embezzled money to the bank accounts of their associates in Spain and Belgium.

Acting on court orders, the police conducted searches at Cyril’s residence in Ramanathapuram and the home of one of his relatives. During the operation, they seized 215 sovereigns of gold, Rs 6 lakh in cash, as well as a car, bike, laptop, mobile phone, and various incriminating documents.

Following a tip-off, the police arrested Christopher (26) in Paramakudi on July 11 and presented him in court. Cyril, the primary suspect (29), was apprehended in Anna Nagar, Chennai, on Wednesday. Upon his arrest, the police recovered Rs 1.6 lakh in cash and a mobile phone from Cyril.

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