Srinagar, March 19 -- The accused, Sheraz Mir, who was then working as an accountant of Jamkash Vehicleades, was arrested after he committed criminal breach of trust and cheating by transferring a substantial amount of Rs 1.32 crore into his own bank accounts from the funds of the company, they said.

The officials said that a case was registered on July 19, 2022, on the written complaint of the Executive Director of Jamkash Vehicleades and it came to be known that the accused used the transferred amount for online betting.

The accused, Mir, was arrested and about Rs 22 lakh misappropriated amount was recovered, the officials said, adding a preliminary charge sheet against the accused was filed by the Jammu Police in the court of law for...