ED questions accused in Valappad financial fraud case
The Enforcement Directorate is questioning Dhanya Mohan, a former IT manager accused of siphoning ₹20 crore from a private finance firm. The investigation focuses on money laundering charges following the initial police case.
Why it matters
The case underscores the risks of internal financial fraud in the digital finance sector and the involvement of federal agencies in investigating white-collar crime.
The Enforcement Directorate (ED) on Monday questioned Dhanya Mohan, accused of siphoning off about ₹20 crore from the digital arm of a private finance firm based at Valapad near Triprayar.
The Central agency is investigating the money laundering aspect of the case initially registered by the Valappad police.
Dhanya, with a service of about 18 years, was assistant general manager (AGM) tech lead of the IT product and service company when the alleged fraud was reported.
She allegedly siphoned off ₹20 crore from the company to five accounts, including that of her brother and father. The fraud was detected when she allegedly transferred ₹80 lakh from the digital account of the firm to her own account in April 2024.
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