Pramesh S Jain & Binish Thomas (Sub-Editor)
T
he Cyber crime unit of Criminal Investigation Department arrested a 26-year-old software engineer who was on the run for two years after cheating his company by misappropriating crypto currency worth Rs. 56 crore.
The accused Shubhang Jain,a native of Haryana was working as software developer for a city based crypto currency management company .
The accused had access and control of all the company wallets which he had misused and transferred the currency to private wallets which he had created with fake identified .
The accused had even used to create wallets in the names of his parents and relatives to divert the company’s currency to these wallets between May 2021 to April 2022.
The cheating came to light during the audit and when the accused was confronted he admitted the cheating and along with his parents met the CEO promised to return before fleeing .
Based on the complaint by Akhil Gupta,the Subramanyanagar police registered a case under IT act and the case was later transferred to CID cyber crime division for a detailed probe.
Detective Inspector,Shivaprasad and team probed the case in details and track down all the wallets before zeroing in on the wallet from a Us based crypto trading platform,seeking transaction details of the accused .
Based on the information,the police track down the accused in Mumbai where he was working for a different company.
The police have taken him into custody for further investigations to recover the money.
