New Delhi, Nov 9 (Agency) A 33-year-old man has been arrested for allegedly duping an employer to the tune of Rs 13.65 crore by internet banking on the basis of fake board resolution, Delhi Police Economic Offences Wing said on Tuesday. The accused has been identified as Shubham Saxena resident of Shreshtha Vihar in Delhi. EOW registered a case on the basis of a complaint of Eldeco Group of Companies under various sections of IPC. The police said the complainant had made allegations of siphoning and embezzlement of funds of the company leveled against Shubham Saxena, who was Asstt. Manager (Accounts). These funds were stated to be transferred in the personal account of the accused through accounts of fictitious vendors and firms. The complainant further stated that the fraud was detected in the month of August, when payments were transferred twice to one vendor. Suspecting some foul play internal enquiries were made and it revealed that since 2018, the accused had duped crores of rupees by opening fictitious account in the name of vendors having an uncanny similarity with the name of the actual vendor companies being dealt by the Eldeco and its companies, said RK Singh, Additional Commissioner of Police, EOW.
After receiving the complaint, a preliminary enquiry was conducted and an amount of Rs 13.65 crore was found diverted from the bank account of the complainant. During the probe documents from the complainant company as well as from the banks were seized. The investigation also revealed that the maximum fund was transferred through internet banking for which the mobile number and email ID of the accused was registered. The internet banking facility was activated on the basis of forged board resolution, said Singh. The accused had been working with the company since 2009 in the account department. He was presently working as Assistant Manager (Accounts) and created forged board resolutions and got access to internet banking. He created three firms in his name and in the name of his wife and mother. There was uncanny similarity in the names of genuine vendors and fake vendors. He also created fake bills and got these approved. After making payment to the fake vendor, he used to destroy the documents, added Singh. The accused was absconding since registration of FIR and shifted to an unknown place. On the basis of sustained technical surveillance, the accused was located at Nirala Estate in Greater Noida and was arrested from there, said police.