Rs 20 Cr fraud: Kerala finance company staffer surrenders before police

Thrissur: The employee of a Thrissur-based private financial company, accused of a massive fraud worth Rs 20 crore, Dhanya Mohan (40), surrendered before the police in Kollam on Friday.
Dhanya, a Kollam native, surrendered at the Kollam East Police station. 

This fraud was discovered earlier on July 23 when an inspection was conducted by senior officials at the financial institution. At that time, Rs 80 Lakh was found missing on that day.

Dhanya, who was in the firm during the inspection, fearing action, pretended to be unwell and departed from the office premises with the assistance of an accomplice. 

Later, the Valapad Police registered a case on the complaint lodged by Sushil, the application head of the firm, that a fraud of Rs 80 lakhs had taken place. But the extent of the fraud was realised only after a thorough inspection. Shockingly, the fraud was found to be worth a whopping Rs 19.94 crore. 

In April, 2024, Dhanya had transferred Rs 80 lakh to her own account. 

Although the fraud was discovered in two phases of the investigation, the investigation is proceeding under a single FIR. 

Senior officials, including Rural SP Navneet Sharma, came directly to Valapad station and evaluated the investigation. Then a seven-member special team was formed under the leadership of Valapad SHO Ramesh.

The search had been intensified for the past two days, but she was at large. The police had also tracked her phone calls.