India, Feb. 22 -- A 37-year-old accused was arrested from Faridabad on Thursday for allegedly conspiring with officials of a Japanese robotics firm to defraud it of Rs.5.26 crore by forming shell companies, police said on Saturday.

The accused, identified as Gaurav Dhingra, a NIT Faridabad resident, was produced before a Gurugram court on Friday and taken on a two-day police remand.

The Japanese firm is located in Gurugram's Sector-37. Police said Rs.5.26 crore was defrauded by making dubious payments to multiple shell firms and private accounts between 2021 and 2023.Bills and invoices were forged to show they had carried out various works for that amount.

Investigators said that firm's former company secretary, Arjun Mulik, a Delhi re...