The fraud came to light when Swiggy, during its audit, found that around ₹7 crore was deposited in the account of an online betting company.
| Photo Credit: FRANCIS MASCARENHAS
The Ashok Nagar police have booked a 23-year-old employee of a leading financial services company for allegedly misusing ₹7 crore belonging to Swiggy, a food delivery company, to invest in an online betting company.
Based on a complaint filed by Showri Rajan, a senior executive of the company, the police have charged Srikant K., a member of the accounting support team, charging him under criminal breach of trust and cheating.
According to the complaint, the company provided accounting services to many companies, including Swiggy, and was entrusted with paying their electricity bills across the State.
Srikant, who has been with the company for a year, was assigned the job and used to receive ₹1 to ₹2 crore every month from Swiggy’s bank account.
Between June 2024 and December 2024, Srikant allegedly diverted a total of ₹6,86,51,160 to BetinExchange247.com, an online betting company, through a private IT company.
The fraud came to light when Swiggy, during its audit, found the money transactions amounting to around ₹ 7 crore deposited to the online betting company’s account and brought it to the notice of the senior of the accused.
The company summoned Srikant, who allegedly admitted to the crime. According to Mr. Rajan, this amounts to cheating the company and its clients, and he has sought legal action from the police.
Published – January 27, 2025 11:43 pm IST