Bhubaneswar: The Economic Offences Wing (EOW) of the Odisha Crime Branch arrested the accountant of a company for defrauding the firm of Rs 2.63 crore.

The accused was identified as Saroj Kumar Mohanty of Kaliabora village in Jagatsinghpur district.

The agency had registered a case against him on the basis of a written complaint filed by Biswajit Bhuyan, MD of M/s Sealcoat Structural Works Pvt. Ltd.

Investigation revealed that Mohanty defrauded the firm by making/ using forged documents like request letter to bank, putting false signature on the bank instruments and by making illegal transactions in respect of the company’s money.

The company usually issued cheques accompanied by a signed RTGS form for payment to the parties. However, the accused used one of the instruments for payment to the parties and the other instruments like cheque for misappropriating the similar amount. In some of the banking instruments, he has forged the signature of the signatory authority, the EOW said.

He was also illegally transferring/ diverting the amount to different accounts, including his personal account. In some other cases, the payments due to the parties were being withdrawn by him by using the bank instrument and subsequently lesser amount was being deposited from the CDM in the accounts of the parties. He adopted many devious means to defalcate the company’s money for years amounting to Rs 2.63 crore, the EOW added.