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Friday, July 18, 2025
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HomeIndiaThane firm employee booked for misappropriating funds worth Rs 1.9 cr

Thane firm employee booked for misappropriating funds worth Rs 1.9 cr

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Thane, Jul 18 (PTI) A woman employee of a firm in Maharashtra’s Thane city allegedly swindled Rs 1.9 crore from the company through unauthorised use of corporate credit cards and fabricated financial records, police said on Friday.

Based on a complaint lodged on July 15, the police have registered a case under sections 316(4) (criminal breach of trust), 336(2) and 336(3) (forgery), and 340(2) (using forged documents as genuine) of the Bharatiya Nyaya Sanhita (BNS), an official said.

He said that the accused, employed at a prominent laboratory firm in the Wagle Estate area, was entrusted with three company credit cards for official business expenses, but she misused them for personal expenditure.

She allegedly siphoned off the funds to buy a four-wheeler, two two-wheelers, high-end cosmetics, liquor, clothing, departmental store items, and for expenses related to foreign travel, the official said.

To cover up the misappropriation, the woman allegedly fabricated expense records, and the irregularities came to light during an internal audit of the firm’s financial accounts, he said.

The official said no arrest has been made so far, and a probe is underway. PTI COR ARU

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

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