MAPUSA
Porvorim police have registered an offence against an accountant who was employed for a real estate company in Porvorim, in connection with the misappropriation of Rs 17 crore.
In a police complaint, an official of the company stated that the suspect was working as an accountant in the company and was dealing with company bank accounts, payments, investments, transfer of shares, and daily stock trading through company accounts.
Taking advantage of the responsibilities entrusted to him, the accountant is alleged to have misappropriated Rs 17 crore belonging to the company and transferred most of the amount to his own bank account.
The matter came to light on December 28 when the year-ending audit was being carried out by the company and an amount of Rs 17 crore was found missing from the company accounts.
The suspect had joined the company as accountant in 2012 and had recently gone to his native place to attend to an ailing relative.
When the cheating, breach of trust and misappropriation of company funds came to light, a complaint was registered with the Porvorim police on Friday.
The Porvorim police have registered an offence under Section 408 IPC and further investigations are in progress.
