The Kalachowki police on Thursday arrested an accountant employed with a private company in connection with the misappropriation of Rs 6.49 crore, following the Supreme Court's denial of her relief. The accused, Shweta Salvi, had approached the apex court after the Bombay High Court rejected her anticipatory bail plea. Her husband, Rupesh, has been granted anticipatory bail.
Complaint and Investigation
Sachin Sawant, managing director of Subhadra Metals Private Limited, lodged a complaint stating that an internal probe revealed loans worth Rs 3.60 crore had been obtained from various private financiers and financial institutions in the company's name without the directors' knowledge. The company received a call from Mahindra Finance regarding repayment defaults for loans that the directors claimed they had never taken.
Alleged Modus Operandi
Police alleged that after the loan amounts were credited to the company's accounts, Shweta Salvi illegally diverted funds to her own bank account, as well as to her husband's and other co-accused's accounts, by misusing OTPs and online banking facilities. The FIR further alleged that the signatures of company directors were forged on cheques to withdraw funds, resulting in an alleged fraud of Rs 6.49 crore.
Legal Proceedings
The Supreme Court's decision to deny anticipatory bail paved the way for the arrest. The police are continuing their investigation into the case, which involves multiple financial institutions and private financiers. The role of other accused individuals is also being scrutinized.
