Coimbatore : A police team arrested Ramanchandran, an employee of Vijay Pharmaceuticals in RS puram in the city for defrauding off Rs.68 lakhs from the company funds.
Coimbatore : A police team arrested Ramanchandran, an employee of Vijay Pharmaceuticals in RS puram in the city for defrauding off Rs.68 lakhs from the company funds.
Based on complaint given by S. Ravichandran, owner of Vijay Pharmaceuticals, the arrest was made. .
The said company distributes English medicines to various cities in the state. Over 70 employees work in his company and Ramanchandran son of Murugaiyyan from Kammanthangudi Thanjavur had been working with them for more than 20 years.
The owner said that Ramachandran used to take orders and deliver medicines to various cities like Thanjavur, Trichy, Rajapalayam and Sivakasi.
He used to receive cash and make transactions through bank for all the orders. In this case from 23.10.2018 to 14.04.2019 Ramachandran has collected funds frm certain orders and asked the buyers to deposit cash in his own bank account.
Owner Ravichandran said that he has cheated Rs. 68,86,832 rupees from the company funds.
Under the orders of Police Commissioner Sumit Saran and under the supervision of Deputy Commissioner Perumal, a team headed by Assistant Commissioner A. Chandrasekharan the police team consisting of Inspector J.Nagarajan and Sub Inspector K.Jamuna arrested Ramanchandran today. The arrested was later remanded in judial custody.
Based on complaint given by S. Ravichandran, owner of Vijay Pharmaceuticals, the arrest was made. .
The said company distributes English medicines to various cities in the state. Over 70 employees work in his company and Ramanchandran son of Murugaiyyan from Kammanthangudi Thanjavur had been working with them for more than 20 years.
The owner said that Ramachandran used to take orders and deliver medicines to various cities like Thanjavur, Trichy, Rajapalayam and Sivakasi.
He used to receive cash and make transactions through bank for all the orders. In this case from 23.10.2018 to 14.04.2019 Ramachandran has collected funds frm certain orders and asked the buyers to deposit cash in his own bank account.
Owner Ravichandran said that he has cheated Rs. 68,86,832 rupees from the company funds.
Under the orders of Police Commissioner Sumit Saran and under the supervision of Deputy Commissioner Perumal, a team headed by Assistant Commissioner A. Chandrasekharan the police team consisting of Inspector J.Nagarajan and Sub Inspector K.Jamuna arrested Ramanchandran today. The arrested was later remanded in judial custody.