Case registered against former finance company employee

Mysore/Mysuru: Jayalakshmipuram Police, following a Court order have registered a case against a former employee of a private micro finance company on charges of creating fake documents and cheating the company of lakhs of rupees.

The Police have registered a case against Puttaraju, who was working as a Branch Manager of Sanity Credit Care Network Limited at Vijayanagar 2nd Stage. The incident had taken place when the company was located at Vijayashreepura in city. According to the complaint lodged by the finance company’s Regional Deputy Manager Sathish Kumar, accused Puttaraju, while serving as the Branch Manager, had created fake KYC documents and had approved loans totalling Rs. 19,73,853 and has used the money, causing a huge loss to the company, which had come to light during the internal audit.

Jayalakshmipuram Police, who have registered a case, have initiated further action.