Gold firm employee arrested for fraudulent assault to steal ₹4 lakh

A 29-year-old executive of a gold loan company was arrested after falsely registering a case of robbery and allegedly stealing ₹4 lakh, which he had to deliver to a branch of the firm. Police arrested employee Arun Kumar on Wednesday within an hour after he reported that he was attacked.

DCP (West) Sanjeev Patil said Kumar had joined the gold loan firm last month as a sales executive. His job was to collect cash from the head office in Shivajinagar and distribute it to other branches across the city.

“On Wednesday morning, he collected Rs 8 lakh from the main branch and left the premises on his scooter around 10 am,” police said. But instead of going to the branches, he went to his home, and deposited ₹4 lakh in cash, after which he went to a branch in Bapujinagar. While depositing the cash, he told the staff members that he had to deposit ₹4 lakh in another branch and left.

“He deliberately disclosed this information,” a police officer said. He learned that at the flyover in front of Nayandahalli metro station, he waited for the traffic to subside, and pretended to throw chili powder on his face.

He then stopped a cargo vehicle for help and made up a story that two men on a bike threw chilli powder at him and beat him up. He claimed that before he could understand anything, they took away the cash in his bag along with the keys of his vehicle. “He asked the driver of the good vehicle to record his statement on his mobile phone, and sent the clip to his manager,” police said.

Based on the complaint, Byatarayanpura police swung into action and reached the spot when Kumar was ‘attacked’. While talking to Kumar, Inspector Shankar Naik GK found that the facts kept changing in Kumar’s statement. “Those who have been attacked by chilli powder are in agony. On a hunch, we examined his eyes and found that there was no trace of chili powder,” said the police officer. He was taken into custody where he allegedly confessed. Based on his confession, a police team recovered cash from his apartment. Kumar claimed that his sister was facing financial problems. “He had asked his manager for a loan, but was refused as he had just taken over a month ago,” Mr Naik said.

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