The District Crime Branch (DCB) police on Wednesday, July 30, 2025, arrested Jayaseelan (47), an accountant for the Bhavani Lorry Owners’ Association, for allegedly siphoning off Rs1.86 crore by creating fake accounts and manipulating financial records.
Jayaseelan, a resident of Pullagoundenpalayam in Salem district, had been entrusted with maintaining the association’s bank records and overseeing financial transactions for three petrol bunks operated by the association.
According to police, he fraudulently created bogus accounts to divert association funds over an extended period. The fraud came to light during an internal audit, which revealed significant discrepancies between recorded and actual bank balances.
A complaint was lodged by the association’s officials, leading to an investigation by the DCB. Jayaseelan was booked under relevant sections of financial and criminal law and has been remanded in judicial custody.
Police are further probing whether any other individuals were complicit in the large-scale embezzlement.
