India, Oct. 5 -- A 44-year-old employee working with a corporate gifting firm, who allegedly cheated his firm to the tune of Rs.5.72 crore, was arrested on Thursday. According to the police, the accused claimed to have received a huge corporate order from a pharmaceutical company, purchased around 7,000 gold coins from the company and misappropriated them.

The police registered a case on September 19 based on a complaint by Naresh Jain, 49, a resident of Goregaon East who runs the firm in Goregaon East. The accused, Sunil Gupta, is a resident of Malad. He met Jain in 2022 and expressed interest in working with him. Jain inquired with other professionals about Gupta and got a positive report of his work.

So Jain, under the name Brand Har...