In Delhi, career was ruined in the desire to become rich quickly, finance company manager squandered Rs 5 crore

News Topical, Digital Desk : Delhi Crime News: Fraud worth crores going on within a big finance company exposed. Economic Offenses Wing (EOW) of Delhi Police has arrested the company's former manager Vinay Negi. The accused cleverly grabbed the company's amount of about Rs 5 crore through fake loan accounts. After this sensational disclosure, there is panic in the corporate sector. The accused misused his position and authority and transferred the money to his and a partner's accounts.

Investigation revealed that accused Vinay Negi, who was looking after the loan disbursal work in the company, fraudulently transferred the money to his accounts in SBI and Kotak Mahindra Bank and to his partner Amit Bhandari's account in AU Small Finance Bank. The entire fraud gradually reached Rs 3.23 crore, but detailed bank analysis revealed that the actual fraud was of about Rs 5 crore. An FIR was registered at EOW police station, and the accused was arrested under various sections 316(5), 318(4), 336(3), 340(2), 61(2) of the BNS.

Arrested from home, partner still absconding

The Delhi Police team, which included Inspector Jasvir and ASI Ashok Kumar, arrested the accused from his house in Vasundhara, Ghaziabad on May 8. His accomplice Amit Bhandari, who is a key part of the fraud, is still absconding and the police are continuously conducting raids in search of him.

Greed and addiction ruined everything

According to police sources, accused Vinay Negi was dreaming of making quick money through option trading in the stock market. But he had neither knowledge nor experience. When he started incurring losses in trading, he hatched a plan to siphon off the company's money.

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