Goldman Sachas VP arrested in Bengaluru on charges of siphoning Rs 38 crore
Bengaluru, Sep 10: The Vice President of Goldman Sachs has been arrested by the Bengaluru police on charges of fraud and misappropriation of funds.
Ashwani Jhunjunwala, a Vice President of the company's Bengaluru office has been accused of siphoning of around Rs 38 crore by logging into the company's internal systems.
He is accused of transferring 5.4 million dollars from the company's account to a private account abroad.
He
is
alleged
to
have
transferred
the
amount
on
September
4.
The
company
which
has
a
mechanism
to
track
such
activities
learnt
that
the
transaction
was
made
by
Ashwani,
the
Indian
Express
reported.
Goldman
Sachs
filed
a
complaint
with
the
police
and
a
case
was
filed
under
Sections
419
and
420
and
408.
The complaint states that Ashwani had approached the company's junior employees on the pretext of training them. He then sent them away and is alleged to have used their systems to transfer the money.