State-run agencies have bought 11.92m tonnes of wheat from farmers so far this season, down 25% on the 15.92m tonnes bought in the same period a year ago
Times of India staffer arrested for ‘siphoning off Rs 150m’ from parent firm
Mumbai Police have arrested the secretary to a senior editor of The Times of India for allegedly siphoning off Rs 150 million from the firm that owns the newspaper, according to local media.
Published : 17 May 2018, 05:21 PM
Updated : 17 May 2018, 05:21 PM
The Crime Branch arrested Amit Mayekar, who worked with the ToI’s Associate Executive Editor Derick D’sa, along with one of his relatives in Pune on Thursday, Scroll.in reported.
With these arrests, the police have held 23 people in connection with the alleged fraud.
Mayekar is accused of conspiring “with unknown people” to make payments for freelance articles that were never actually written or published, according to the report.
In his complaint to the police, D’sa said Mayekar reportedly got him to sign invoices for payments to 78 contributors.
A Crime Branch official told Scroll.in Mayekar used to transfer the money of ToI owner Bennett Coleman and Co Ltd into the accounts of the beneficiaries, and would later ask them to withdraw the cash.
These beneficiaries would get a 10 percent commission, the official claimed, according to the report.
The police are also investigating Mayekar’s previous financial transactions, including his trips abroad. They are also looking into the bank accounts of his relatives.
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