Assam: Man accused of stealing Rs 4 crore from Hitachi arrested in Guwahati

Guwahati: A man posted at a manager-level position in a private company having an office in Guwahati, Assam was arrested for allegedly stealing nearly Rs 4 crore.

According to sources, the city police arrested Ajay Biswakarma, a manager-level employee at Hitachi's Guwahati office, on Wednesday for allegedly embezzling Rs 4 crore in company funds meant for ATM deposits.

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Biswakarma, along with other unidentified colleagues, planned the theft. He was reportedly entrusted with depositing the cash at a State Bank of India (SBI) ATM, but instead, they absconded with the money.

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Following the company's report of the missing funds, Dispur Police Station launched an investigation and apprehended Biswakarma in Guwahati's Narengi area.

The search for the remaining accomplices continues.