Pramesh S Jain
The Sadashivanagar police have arrested two women and a male accomplice for allegedly embezzling ₹1.94 crore from a reputed institution by forging official documents and diverting student travel funds to their personal contacts.
According to police,a complaint was filed on November 1 by a staff member of the institution,who alleged that two temporary secretarial assistants had manipulated approval orders for advance funds meant for students’ foreign travel.
The duo allegedly altered bank account details in the documents and transferred a total of Rs.1,94,33,700 in several installments to accounts belonging to their relatives and acquaintances.
Acting on the complaint,police traced and arrested the two women from their residences in Hesaraghatta and Yeshwanthpur on November 2.
During interrogation,they confessed to the crime and revealed the involvement of a male accomplice.
The two were produced before court on November 3 and remanded to eight days of police custody.
senior officer further said the accused admitted to using the embezzled money to purchase real estate,gold ornaments, and other valuables.They had reportedly transferred the funds to 16 different bank accounts.
Following their statement,police arrested the third accused—a resident of Arakere,Bannerghatta Road—on November 9.He too confessed to his role in the fraud and was remanded to 10 days of police custody.
Between November 8 and 10,investigators recovered assets worth ₹1 crore,including two plots of land valued at ₹70–80 lakh,121 grams of gold worth ₹15 lakh, ₹11 lakh in cash,and a Maruti Suzuki Brezza car valued at ₹10 lakh.
The two women have since been remanded to judicial custody,while the male accused remains in police custody.The investigation is ongoing.
