Hyderabad man booked for misappropriating Rs 13.3 lakh
Hyderabad, June 4 -- An employee of a drone technology firm in Hyderabad was booked on Wednesday, June 3, booked for allegedly misappropriating funds worth Rs 13.3 lakh.
The complainant, P Durga Sitaram, approached the Jubilee Hills Police and stated that the firm had noticed the misappropriation at its Research and Development facility in Jubilee Hills.
An internal investigation identified discrepancies in the procurement transactions processed by P Jeevan, Assistant Manager (Procurement and Compliance).
The complainant alleged that supplier invoices were manipulated by destroying a physical invoice that showed the original product value of Rs 2,950 and uploading another invoice for the same goods showing a value of Rs 3.2 lakh in the...
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