6 staff cheat firm of Rs 64 lakh, held

The accused were identified as K Ilavarasan (33) of Mylapore, N Babu (45) of Otteri, K Ananth (26) of Triplicane, M Balachandran (32) of Mandaveli, M Vetrivelan (26) of Ramapuram, and M Nagaraj (59) of Vyasarpadi. All of them were remanded in judicial custody on Saturday.

Police said that T Prasanna (37) of Triplicane, owner of R and D Logistics, buys home appliances in bulk and distributes it for his customers. Recently, he detected that about Rs 64 lakh had been misappropriated by his employees and filed a petition at the Commissioner’s office.

Following this, a case was registered by the CCB and the absconding accused were traced and arrested. After the investigation, police said that the salesmen Ilavarasan, Babu, Ananth and Balachandran worked in connivance with Nagaraj, the accountant. 

While stating in the log book that the entire sum has been paid by the customers, they submitted only the initial payment to the company. They also roped in Lokesh and Vetriselvan, who worked in the computer section, to generate bills as if there was no balance to be paid by the customers. But they had received money from the customers and defaulted from paying to the firm.