Pvt employee booked for misusing Rs 7 crore in online gambling in Bengaluru

Bengaluru: The Ashok Nagar police have booked a 23-year-old employee of a leading financial services company for allegedly diverting nearly Rs 7 crore owed to a food aggregator into online gambling.

The suspect, identified as Srikanth K, joined the company in August 2023. He has been charged with cheating and criminal breach of trust.

The FIR stated that Srikanth misused Rs 6,86,51,160 between June 1, 2024, and December 31, 2024, by redirecting the funds to an online gambling platform, BetinExchange247.com. The FIR also noted that Srikanth confessed to the misappropriation when confronted.

Srikanth was reportedly tasked with paying the electricity bill of the food aggregator, but instead diverted the funds. A detailed investigation is underway.