Rs 1.10 cr that company employees stole was recovered

During multi-city operations, the Crime Branch of the Jammu and Kashmir Police made significant progress by recovering a sizeable sum of Rs 1.10 crore that had been embezzled by a private firm employee in Jammu, authorities said on Tuesday.

Sheraz Mir, the accused, was then employed by Jamkash Vehicleades as an accountant. According to them, he transferred a large sum of money—roughly Rs 1.32 crore—from the company’s cash into his personal bank accounts. This led to his arrest.

According to the authorities, a written complaint from the executive director of Jamkash Vehicleades led to the registration of a case on July 19, 2022, when it was discovered that the accused had used the transferred funds for online gambling.

According to the police, the accused, Mir, was taken into custody and around Rs 22 lakh worth of embezzled funds was found. The Jammu Police also filed a preliminary chargesheet against the accused in a court of law for a judge’s decision.

The teams of EOW conducted searches at many locations in Indore and Delhi after the case was transferred to the Crime Branch in July 2023. They were successful in retrieving the whole amount of money that had been looted, totaling Rs 1.10 crore, which they described as a significant breakthrough.

The complete quantity of Jamkash Vehicleades that were embezzled has been found thanks to the enormous recovery achieved by the Crime Branch, and further inquiry is now in progress, according to the authorities.