Coimbatore: 3 held for swindling car dealer of Rs 43 lakh

COIMBATORE: The city police arrested three people for swindling a car dealer of 43 lakh.
Police sources said that accounts manager of Pressana Kia on KGM School Road at Ramanathapuram noticed 42,98,100 missing from the firm’s bank account on July 30.
Based on a complaint from joint managing director of the firm S Anish Pressana, the city crime branch police registered a case on the same day under sections including 120 B (criminal conspiracy), 380 (theft), 408 (punishment for criminal breach of trust by clerk or servant), 420 (cheating) and 464 (fraudulent signature).
Investigation revealed that Venkata Subramanian of Salem, who worked in the company’s accounts department for a few months last year, was behind the crime. He withdrew the money from the company’s account in CSB branch in Rajaveethi using a cheque leaf he had stolen from the firm, police said.
“The accused transferred the money to a friend’s account in Tiruvannamalai. He fled sensing that police were after him. A team led by assistant commissioner Parthiban arrested his friends Siva of Arani in Tiruvannamalai district, Karthick and Dinesh Babu of Puducherry on Tuesday,” an officer said.