Chhattisgarh Police on Friday arrested a cash collection agent of a private cash management company on charges of embezzling Rs 37.76 lakhs of Indian Railways which he was to deposit in a bank.
The company handles cash collections of government and semi-government organizations.
Raipur Additional Superintendent of Police (Urban) Abhishek Maheshwari identified him as Khemant Kumar Vishwakarma, who hails from Balodabazar district.
On Wednesday, the Assistant General Manager of the company lodged a complaint with the police.
Vishwakarma had collected the treasury remittance totaling Rs 44.06 lakhs from Railways between March and December last year, the FIR said.
After the management questioned him, he surrendered only Rs 8.30 lakhs to the office. After arrest, he confessed his crime to the police.