Three individuals, including a chief accounts official, have been apprehended in Chennai for perpetrating a massive scam amounting to Rs 20 crore within a photo studio chain. The fraudulent activity came to light following an internal audit conducted by the company. Assets valued at Rs 1 crore have been seized from the perpetrators, who have now been placed in judicial custody. This incident sheds light on the importance of regular audits and financial checks to prevent such fraudulent activities. Stay updated with the latest news on financial scams and frauds in Chennai and across India.
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Chennai photo studio chain hit by Rs 20 crore scam; 3 arrested in major fraud case. Assets worth Rs 1 crore seized.
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