Coimbatore: An employee of a wholesale pharmaceuticals firm here was arrested Saturday for transferring the company’s money to the tune of Rs 68.86 lakh to his bank account, police said.
Ramachandran from Kumbakonam district, working for the company for the last 20 years, used to take bulk orders for medicine from various districts of Tamilnadu and transfer the money thus got to his account instead of the company’s, the police said.
Based on a complaint from the owner of the firm, Ramachandran was arrested and he admitted to have siphoned off Rs 68.86 lakh from October 23, 2018 to 14 May, this year, they said.