New Delhi: Global leading investment company Goldman Sachs vice-president Ashwani Jhunjhunwala (Foreign Exchange and Equity Settlements) in Bengaluru office has been accused of siphoning off Rs 5.4 million dollar (around Rs 38 crore), logging into his juniors system, according to a leading daily.
Marathahalli police registered a case on September 8 against Jhunjhunwala, following a complaint by company's legal head. The VP has been taken into custody for interrogation into the matter.
Initial investigations revealed that Jhunjhunwala was associated with the company for the last four years and said that he committed the fraud after financial losses in online poker.
On September 6, an employee red flagged two transactions, after which an interview review was conducted. Three juniors who reported to Jhunjhunwala were questioned.
The juniors alleged, according to the daily, were asked by the VP to give access to their systems, through which he would have reviewed thier work. While he was working, he would keep them away by making them run for regular works.
Later one of the junior became suspicious and told his colleagues about the incident. It was later found out that and Jhunjhunwala has accepted too, that he approved the Rs 38 crore and also made clear that none of the three juniors were aware of it.
Jhunjhunwala is absconding and police are on a lookout for him.
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