Arunachal Pradesh Police, with assistance from multiple police units in Assam, have arrested two fugitives wanted in separate financial crime investigations involving alleged breach of trust and commercial cheating.
According to investigators, the arrests followed coordinated interstate intelligence-sharing and tracking operations aimed at locating suspects who had allegedly fled across state borders after criminal cases were registered.
Former Wholesale Manager Allegedly Linked to ₹90 Lakh Financial Irregularity
Police stated that one investigation relates to an alleged ₹90 lakh financial irregularity involving a former manager of an Indian Made Foreign Liquor (IMFL) and beer wholesale business in Tawang.
According to investigators, an internal audit reportedly identified discrepancies involving:
- Inventory management
- Cash sales
- Procurement records
- Accounting entries
- Banking transactions
Following the audit, police allege that the suspect left the jurisdiction before investigators traced and arrested him with assistance from Assam Police.
The financial investigation remains ongoing.
Separate Commercial Cheating Case Involves ₹2.20 Lakh Advance
In a second case, police arrested another individual in connection with an alleged ₹2.20 lakh commercial cheating complaint.
Investigators allege that:
- An advance payment was received for supplying furniture.
- The promised goods were allegedly never delivered.
- The complainant subsequently approached police.
- A court issued a warrant against the accused.
Police tracked the suspect in Assam before executing the warrant and taking him into custody.
Financial Records and Digital Evidence Under Review
Investigators continue to examine:
- Accounting records
- Bank transactions
- Digital devices
- Commercial agreements
- Inventory documents
- Electronic communications
Authorities are also assessing whether additional financial irregularities or similar complaints are linked to either case.
Businesses Advised to Strengthen Internal Controls
The investigation highlights the importance of robust financial governance within businesses.
Key preventive measures include:
- Segregation of financial responsibilities.
- Independent approval mechanisms.
- Regular inventory verification.
- Periodic financial audits.
- Vendor due diligence.
- Multi-level transaction authorisation.
These controls help reduce the risk of internal fraud and financial misappropriation.
Role of Professional Financial Audits
Independent auditing services in india assist organisations by reviewing financial controls, verifying accounting records, monitoring inventory systems, identifying irregular transactions and strengthening compliance frameworks that can detect fraud before losses become significant.
Conclusion
The coordinated operation by Arunachal Pradesh and Assam Police demonstrates the growing use of interstate cooperation in investigating financial crimes.
Authorities have confirmed that both investigations remain active, and additional legal action will depend upon the evidence obtained through forensic examination of financial records and digital material.
Shunyatax Global Insight
Shunyatax Global says that organisations should never rely solely on individual trust when managing financial operations. Strong internal controls, segregation of duties and periodic independent auditing services in india are among the most effective safeguards against internal fraud, accounting irregularities and commercial misappropriation.