Noida Businessmans Aide Held for Rs 1.15 Crore Fraud, Over Rs 1 Crore Recovered

The aide of a Noida businessman was arrested for allegedly embezzling Rs 1.15 crore and hiding it at his maternal uncles place in Bulandshahr. Over Rs 1 crore of the stolen money has been recovered.

In a shocking turn of events, the aide of a prominent businessman in Greater Noida was apprehended on Tuesday for alleged fraud and criminal breach of trust. The accused, Ketan Singh, devised an elaborate scheme to embezzle a staggering Rs 1.15 crore from his employer by falsely claiming that he had been robbed.

Swift Police Action Leads to Recovery of Embezzled Funds

The Greater Noida Police demonstrated remarkable efficiency in cracking the case within a mere four hours. Through meticulous investigation, including scrutiny of CCTV footage and call detail records, discrepancies in Ketan's statements were uncovered. Upon further interrogation, he confessed to orchestrating the entire incident in collusion with his uncle, Guddu.

Unearthing the Hidden Loot

Acting swiftly on the information provided by Ketan, a police team descended upon Samaita village in the Khurja area of Bulandshahr, where Guddu resided. A thorough search of the premises led to the discovery of Rs 1.07 crore, meticulously concealed in two underground pits. The recovered funds represented a significant portion of the embezzled amount.

Remaining Funds and Absconding Accomplice

While the majority of the embezzled money has been retrieved, the remaining sum is believed to be in the possession of Guddu, who remains at large. The police have launched a manhunt to apprehend the absconding accomplice and bring him to justice.

The arrest of Ketan Singh and the recovery of a substantial portion of the embezzled funds serve as a testament to the Greater Noida Police's unwavering commitment to combating fraud and ensuring justice. The swift resolution of this case underscores the department's dedication to protecting citizens and upholding the law.