Mumbai youth siphons off ₹4.71 crore from employer, traced to Delhi

A 23-year-old youth working as an assistant accountant in a private company in Santacruz (East), who was on the run after allegedly siphoning off ₹4.71 crore from the company last year, was traced to Delhi and arrested by Vakola police this week.

The company had lodged a complaint with Vakola police in January this year alleging that the arrested accused Dipunj Gupta, 23, a resident of Ghaziabad in Uttar Pradesh, had secretly siphoned off ₹4.71 crore from the company’s official bank account and transferred the amount to various bank accounts.

This siphoning took place between July 19 and December 27 last year. Before the matter came to light, Gupta had left the job and fled from the city. After learning about the fraud, the private company approached Vakola police in January this year after which an FIR was registered under relevant sections of the IPC and Information Technology Act for cheating and criminal breach of trust by an employee.

Police started investigation by trying to find out who all benefitted from this siphoning and succeeded in tracing a couple of people who had received money in their bank accounts.

After tracing the beneficiaries – a woman and a man, the police learnt that the man was told in advance that money would be deposited in his bank account. Police have managed to recover ₹22.24 lakh and ₹10 lakh from the duo.

Based on technical evidence, the police had traced one of Gupta’s friends. With his help, the police traced Gupta to Kashmiri Gate metro station in Delhi and brought him back to city on Wednesday.