Three arrested for embezzling Rs 20 crore in Chennai

timesofindia.indiatimes.com

Three men, including a chief accounts official, were arrested in Chennai for embezzling Rs 20 crore from a photo studio chain. The fraud was uncovered during an internal audit. The suspects manipulated financial records and funneled money into their personal accounts. They have been remanded to Puzhal prison. Police recovered assets worth Rs 1 crore, including gold jewelry, a luxury car, and property documents from the accused.


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