The police finally arrested a 39-year-old man after he misused more than seven crore rupees and got away by cheating the American Express Banking Corporation. Mohan Kothilingam Uddanda is the accused who blew away this money along with a friend.
The accused was an assistant manager at Invesco for ten years and benefited from his company's agreement with American Express to provide corporate cards. The limit of this card differed from employee to employee, and Mohan's limit was set at Rs.5 Lakh. However, it is mentioned that he would have to repay every expense he made using that card, whether within the country or outside, and was meant mainly for official expenses.
However, after his resignation in 2021, the manager decided not to return the card and continued to use it after changing the mobile number linked to the card and dupe the company. Post changing the details, the accused and his friend went to Goa and enjoyed a lavish holiday and also presented 14 cheques of different banks at Kolkata as repayments for used withdrawals of the corporate cards for an amount of nearly Rs 7 crores and blew away all the money and cheated the American Express Banking Corporation.
As a result, the bank decided to file an FIR against the former employee of Invesco, and Mohan was arrested on Monday by the Central Crime Station of Hyderabad and is currently under judicial custody.