Two employees of a private firm in Mallapur have been arrested by the Nacharam police for allegedly diverting more than ₹2.15 crore from their employer’s account using forged documents and fake company dealings.

The accused, identified as Bhushan Reddy, 55, Operations Manager, and Daravath Srinivas, 38, Accountant, were employed with Neon Metal Crafts, a private manufacturing company based in Nacharam. According to an officer from the Nacharam police, the duo secretly floated a separate entity named ‘Adinath Industries’ while still on the payroll of the firm.

“In a clear breach of trust and company rules, they prepared fake sales invoices and fabricated work orders in the name of Neon Metal Crafts. These documents were then used to transfer around ₹35 lakh online from the company’s account directly to the account of their own firm,” explained the officer.

Further investigation revealed that the total amount siphoned off under the guise of work-related payments stood at ₹2,15,49,563. The fraud came to light after the company’s owner detected financial discrepancies and filed a formal complaint with the Nacharam police.