CHENNAI: Police said S Sumithra, 40, of Ambattur, employed as a supervisor at Archana Traders in Choolaimedu, handled all the money transactions. Archana Traders is owned by V Mohanarangan, 59, of Choolaimedu.
Mohanarangan, who collects old scrap papers from dealers and supply them to paper mills in bulk quantities, started receiving several complaints from his clients about payment dues.
Mohanarangan verified his bank accounts and found that money had been cleared to various clients. He instructed his employees to verify the accounts. They found that Sumithra had siphoned off Rs 42 lakh by transferring money to the accounts of several account holders.
Inquiries revealed that all these account holders were known to Sumithra. She had diverted the funds to their bank accounts.
Based on Mohanarangan's complaint, central crime branch sleuths registered a cheating case and arrested Sumithra and two other beneficiaries.
A court remanded them in judicial custody.
