A former human resources manager of a private pharmaceutical company has been arrested by the Economic Offences Branch of Gurgaon Police for allegedly embezzling approximately Rs 1.5 crore through a sophisticated scheme involving fake billing, stock manipulation, and fraudulent sale of goods. The arrest of Santosh Giri (39), a resident of Faridabad, took place on Tuesday, nearly eight months after the initial complaint was filed.
Complaint and Investigation
The case came to light when a representative of IB Pharma Pvt Ltd lodged a complaint at the DLF Sector 29 police station on October 17, 2025. The complaint alleged that certain employees and managers in the billing and purchase departments were siphoning off funds by generating fake invoices, tampering with stock records, and making fraudulent entries in the company’s computer systems. Based on the complaint, a case was registered, and the investigation was subsequently transferred to the Economic Offences Branch.
Key Role of the Accused
After his arrest, Giri confessed to his involvement in the fraud. He revealed that he worked with the company from 2016 to 2024. During his tenure, he allegedly conspired with associates to create fake medicine bills, manipulate stock levels, and sell goods in the retail market. Police spokesperson Sandeep Turan stated, "Giri played a key role in facilitating the fraud, which caused losses of approximately Rs 1.5 crore to the company."
Ongoing Probe
An investigation is underway to identify other individuals involved in the scam and trace the embezzled funds. According to an investigator, "Many other employees are under the radar and their roles are being probed. There is a possibility of other senior employees in the company also being involved in the crime." The police are examining financial records, computer systems, and transaction histories to uncover the full extent of the fraud.
The arrest marks a significant step in the case, which has been under investigation for several months. Authorities are confident that more arrests will follow as the probe deepens.
