Delhi: Assistant manager arrested for duping Eldeco Group of Rs 13.65 crore

The company alleged that the 33-year-old accused transferred the funds to his personal account through accounts of fictitious vendors/firms. The fraud was detected in August when payments were transferred twice to one vendor.

The Delhi Police's Economic Offences Wing arrested a man for allegedly duping Eldeco Group of Companies of Rs 13.65 crore. The accused, a resident of Shreshtha Vihar, has been identified as Shubham Saxena.

A complaint by Eldeco Group of Companies levelled allegations of siphoning/embezzlement of funds against Shubham Saxena who was working as Assistant Manager (Accounts) in the company.