Senior Tech Lead Arrested for Embezzling Rs 20 Crore in Kerala

Kerala police have arrested Dhanya Mohan, a 40-year-old tech lead at Manappuram Comptech and Consultants Ltd, for allegedly embezzling Rs 20 crore over five years. Mohan is accused of diverting funds through fake loan accounts and transferring money to her personal accounts. The fraud came to light during an audit.

Kerala police have taken a 40-year-old woman into custody for allegedly embezzling Rs 20 crore from her employer, a prominent financial institution, over a span of five years.

Kollam native Dhanya Mohan, who had been working at a senior position for two decades at the Thrissur-based non-banking financial company (NBFC), has been implicated in siphoning off Rs 19.94 crore since 2019 by manipulating the loan application system.

Acting as Assistant General Manager and tech lead at Manappuram Comptech and Consultants Ltd (MACOM), the IT wing of the Manappuram Group, the fraud was discovered during a recent audit which flagged suspicious transactions. "We received the complaint on July 23 and commenced our investigation. As we were closing in on the accused, she surrendered at a Kollam police station on Friday evening," stated a senior police official.

The police alleged that Mohan created fake online accounts in the bank’s loan app to transfer the funds into five of her personal accounts. Further investigations exposed that she owns multiple properties. The company has yet to make an official statement on the incident.

(With inputs from agencies.)