B’luru: Two, who bought property with money meant for paying GST, arrested for cheating pvt company
Team Udayavani, Jan 27, 2023, 10:56 AM IST
Bengaluru: Sanjaynagar police arrested two employees for defrauding a private company to the tune of Rs 9.60 crores.
The accused have been identified as Nikhil and Vinay Babu.
Police said both were BCom graduates and had obtained employment at an automobile company by falsely claiming to be Chartered Accountants.
Later they created a financial report of the firm and claimed that Rs 9.60 Crores as the GST was liable to be paid to the government for the business transactions. Trusting them, the company owner gav transferred the maoney to the accused.
The fraud was uncovered during an external financial audit of the account books of the firm, following which a complaint was lodged at the Sdashivnagar Police station. The case was later transferred to Sanjay Nagar police station.
Meanwhile, the accused had splurged the money on buying properties. Police said, both the accused have been arrested. Further, the property and a flat bought by Vinay Babu, worth crores of rupees, have been confiscated.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Karnataka HC rejects plea to quash FIR in Rs 69 lakh Amazon scam case
Bengaluru: Man sustains severe leg injuries after being hit by car while sitting outside his house
Kollur: Kantara-1 film crew’s vehicle involved in accident
Padubidri: 3 km barefoot race ‘Bale Balipuga’ held at Coastal Carnival
Vikram Gowda Encounter: Naxal rehabilitation and surrender committee reviews site, surveys tribal issues
MUST WATCH
Latest Additions
Karnataka HC rejects plea to quash FIR in Rs 69 lakh Amazon scam case
‘Wicked’ and ‘Gladiator’ make gravity-defying theatre debuts
Independent winner extends unconditional support to BJP
Those rejected by people trying to control Parliament: PM Modi
BMW hit-and-run case: HC refuses to release accused Mihir Shah on ground of ‘illegal’ arrest
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.