Cement firm accountant held for diverting Rs10 crore in Aurangabad

Aurangabad: A major financial fraud worth Rs 10 crore has been detected at Shree Cement Limited’s Aurangabad unit. Following an internal audit, company officials lodged an FIR at the Mufassil police station against seven people, including an accountant and several associates linked to a transport firm.According to the FIR filed by the company’s HR head, Rakesh Singh, accountant Shashank Dwivedi allegedly transferred Rs10 crore from the company’s account to that of Rudra Enterprises, a transporter, without authorization or informing senior officials. The alleged misappropriation came to light during a routine verification of financial records.Those named in the FIR include Shashank Dwivedi (accountant), Sunil Kumar, Bhakti Swaroop, Vinod Kumar, Nikhil Kumar Srivastava, and Rakesh Kumar Arora.Acting swiftly, the police arrested the prime accused, Shashank, a resident of Madhya Pradesh, and sent him to judicial custody.Confirming the development, Mufassil PS in charge Ashok Kumar said, “An FIR has been registered based on a complaint filed by Shree Cement officials. The accused employee has been arrested and sent to jail, and further investigation is underway.”