Coimbatore: The district crime branch (DCB) police on Friday arrested the manager of three fuel stations belonging to Coimbatore Lorry Owners’ Association for swindling Rs 1.11 crore.
M Anand alias Narayanan, of Sukkampalayam village near Sulur, works as a manager of three petrol bunks run by the Coimbatore Lorry Owner’s Association. The association used to maintain lakhs of rupees in its bank account and the amount would be detected automatically once the Indian Oil Corporation (IOC) supplied fuel to the three petrol bunks.
Anand had fraudulently withdrawn Rs 1.11 crore between 2017 and 2019 from the account by fabricating bank statements.
When the IOC stopped supplying fuel in 2019, association representatives learned that there was no money in the bank account.
The association members verified the bank account statements and came to know that Anand had swindled Rs 1.11 crore.
Secretary of the association M Viswanathan, 39, from Sulur, lodged a complaint with the DCB police who registered a case against Anand under sections 408 (criminal breach of trust by clerk or servant), 420 (cheating and dishonestly inducing delivery of property) and 468 (forgery for purpose of cheating) read with 34 (Acts done by several persons in furtherance of common intention) of the Indian Penal Code. Police arrested him on Friday and seized Rs 30,000 in cash from him.