Tirupur: A 27-year-old accountant was arrested here on Friday for siphoning off about Rs 1.5 crore from his employer over a period of four years.
According to police, the accountant, R Kirubakaran of Thanthai Periyar Nagar in Avinashi, managed to do this by forging his employer’s signature on cheque leaves and transferring money to the bank accounts of his relatives.
“Kirubakaran was employed with a knitwear buying office near Bangla stop on Avinashi Road. Recently, R Palanisamy, a partner of the firm, questioned him about the outstanding payments that have gone up. As Kirubakaran failed do anything about it, Palanisamy grew suspicious and checked with the private bank on Kumaran Road that holds the office account,” said a police officer, who didn’t want to be named.
When bank officials furnished details of transactions carried out in the account, Palanisamy found that many cheques, which he had not approved, were passed. He also found that the cheque leaves were not signed by him but by someone else,” the officer said.
Subsequently, Palanisamy lodged a complaint against Kirubakaran with the city crime branch police, who registered a case and questioned the accountant.
Investigation revealed that Kirubakaran was carrying out the fraud for four years. He transferred more than Rs 1.5 crore from the office account to the bank accounts of his mother, sister and his uncle between May 2014 and March 2018, the police officer said.
“His uncle Krishnaraj had helped him in the crime. We have arrested both of them and are questioning the duo to know whether any of the bank officials were involved in the case,” the officer said.
