Indore: College accountant held for embezzlement of Rs 46 Lakh

Indore: College accountant held for embezzlement of Rs 46 Lakh

-He had deposited the college fees in his bank account instead of depositing it in the college’s account

Staff ReporterUpdated: Wednesday, January 18, 2023, 12:14 AM IST
article-image
Representative Image

Indore (Madhya Pradesh): An accountant of a college was arrested for embezzling Rs 46 lakh from a college in the Vijay Nagar area on Tuesday. He had taken fees from the students and deposited it in his and his relatives’ bank account instead of depositing it in the college’s bank account. He was on the run for 11 months before police arrested him from his home. He is being questioned further.

Vijay Nagar police station in-charge Ravindra Gurjar said that Anil Kharia, chairman of a college, had complained that Mahesh Makwana was employed as an accountant at his college. He embezzled the fees deposited by students in his personal and his relatives’ bank accounts. Thus, he committed a financial fraud of lakhs of rupees with the college.

The police registered a case under sections 420, 406, 408, 468, and 471 of the IPC a few months ago. Since then, a search was on for him. Acting on a tip-off, Makwana was arrested from his home in Dream Homes near Omaxe City.

TI Gurjar said that a case was registered against the accused in February 2022. Police had raided many places in search of the accused. Preliminary investigation revealed that he was hiding in many cities including Mumbai during this period.

RECENT STORIES

WATCH: Content Creator Priyam Saraswat Takes Down 'Golden House' Reel After Massive Backlash

WATCH: Content Creator Priyam Saraswat Takes Down 'Golden House' Reel After Massive Backlash

Indore Contractor Objects To ‘Misleading’ Viral Video Featuring His ‘House Of Gold’

Indore Contractor Objects To ‘Misleading’ Viral Video Featuring His ‘House Of Gold’

IMC Rectifies Error; Confirms Fair Venue As Dhobi Ghat Ground

IMC Rectifies Error; Confirms Fair Venue As Dhobi Ghat Ground

MP July 3 Weather Updates: Downpour Likely In Eastern Madhya Pradesh, Yellow Alert Issued For...

MP July 3 Weather Updates: Downpour Likely In Eastern Madhya Pradesh, Yellow Alert Issued For...

Closure Of One Gate Is Not Obstruction, Says MP High Court

Closure Of One Gate Is Not Obstruction, Says MP High Court