A 32-year-old former accountant was arrested in Jammu and Kashmir for allegedly misappropriating Rs 1.96 crore from his employer in Delhi nearly three years ago. Police apprehended Triloki Sharma on August 4 with help from local authorities in Samba district.
The case began when the owner of a private company filed a complaint at the Samaypur Badli police station in August 2023, claiming Sharma misused his position as accountant. He allegedly siphoned off a significant amount of money entrusted to him during his employment.
Following the alleged misappropriation, Sharma disappeared and evaded arrest for three years. The police assembled a dedicated team that meticulously tracked his movements, finally leading to his arrest in Samba.
During police interrogation, Sharma revealed he had transferred portions of the misappropriated funds to various bank accounts belonging to acquaintances. He admitted to being fond of gambling, stating that he had lost a large sum in illegal cricket betting.
A senior police officer remarked, “The claims made by the accused are currently under verification. We are tracing the flow of the allegedly misappropriated money to better understand its distribution.”
Authorities stated they are conducting further investigations to determine the total amount diverted, identify the individuals receiving these funds, and uncover the complete financial trail of the case.
This incident highlights the growing concerns over financial mismanagement in private companies, as organizations grapple with the need for robust internal controls to prevent embezzlement and fraud.
As the investigation continues, police are keen on setting a precedent to dissuade similar acts of financial misconduct in the future.
