Director of pvt chemical firm swindles Rs 20L, in police net

Chennai: A

woman

entrepreneur employed as a

director

at a private chemicals and paints manufacturing

firm

in Kancheepuram

swindled

Rs 20 lakh cash from the company’s account. Police

arrested

the woman and sent her to prison on Friday.

The woman, identified as Priya V Naidu, 35, a native of Andhra Pradesh, and four friends, Mannar Mannan, Devi, Syed and Syed Ansar, registered a chemicals and paints company in 2006 and have been running it since then. The company is at Neervellur village near Kancheepuram.

While auditing

accounts

, the directors found mishandling of cash from the company. They found Priya Naidu had taken

money

from various dealers without sending orders to them and that she got the money deposited in her

personal

bank accounts. During a detailed examination, it was found that Priya had swindled Rs 20 lakh from the firm on various occasions.

When the company questioned Priya, she admitted to having taken money to meet her personal expenses. She also promised to return the cash to the company’s account soon. However, she dodged returning the cash. Following this, Mannar Mannan lodged a formal police complaint at the district crime branch in Kancheepuram. They registered a case and arrested Priya. She was produced before a magistrate court in Kancheepuram and sent to jail. Further investigations are on.