Meerut, Aug. 8 -- An assistant postmaster in Sambhal district was arrested for allegedly embezzling Rs.1.40 crore by misappropriating funds deposited in savings accounts and fixed deposits (FDs), police said on Friday. Investigators claim the accused diverted the stolen money to online fantasy gaming and betting platforms, including Dream11, after issuing forged receipts and fake passbooks to unsuspecting customers.

The accused, identified as Deepak Kumar, was arrested by Bahjoi police on Friday afternoon following multiple complaints from account holders who discovered that money had been withdrawn from their accounts without their knowledge. Police have registered seven FIRs against him so far and have launched a wider financial invest...