The Central Crime Branch (CCB) of Chennai police has apprehended three individuals, including the chief accounts officer of a photo studio chain, for allegedly embezzling a massive Rs 20 crore. The three accused have been sent to Puzhal prison.
The individuals, who were employed at the head office of a prominent photo studio chain operating in Chennai for over 30 years, are said to have manipulated financial records. This chain has 52 branches across Tamil Nadu, including Coimbatore. The fraud was uncovered after an internal audit was initiated by the company.
Dheena Colour Lab Studio Manager, Jayavel, from Chennai, filed the complaint, prompting the Entrustment Document Fraud (EDF) wing, under Inspector P.C. Sivakumar, to take over the investigation. The accused were found to have diverted funds into their own bank accounts using fake bills and receipts.
The arrested individuals are M. Gopalakrishnan (40) from Chinmaya Nagar, K. Gautham (30) from Coimbatore, and P. Krishnamurthy (42) from Keezhkatalai. The investigation is ongoing, and the police have continued to trace further links in the embezzlement scheme.
