News

BPO employee held for siphoning off 4 Million

Monday, 19 January 2009, 21:09 Hrs | 9 Comments

BPO employee held for siphoning off Rs.4 Million

Noida: A 30-year-old employee of a leading BPO firm here was arrested Saturday for diverting funds into accounts he had opened in Britain under false names, the police said.

According to the police, Edward Burns, an employee of sector 62 based BPO firm EXL Solutions, had siphoned off about 56,900 pounds (

4.08 million) to bank accounts in Britain.

Burns, an Indian citizen, was working in the insurance claims division of EXL, which contracted work of leading British insurance firm Aviva.

Burns was assigned to maintain the clients' data of Aviva and had a detailed list of contacts of these people.

After opening accounts under fake names, Burns, instead of transferring the insurance claim amounts to the actual insurers, credited the amount into these fraudulently created bank accounts, the police alleged.

Burns has been arrested and a case registered against him for committing cyber crime under the 1966 IT Act and for cheating his company under relevant sections.
Source: IANS

Don't Miss ( 1-5 of 15 )

10 Most Fuel-Efficient Cars in India

10 Sexiest Indian Models in America

10 Famous Athletes Who are Businessmen

Craziest Purchases of Billionaires

Top 10 Nightlife Cities of the World

Write your comment now

Reader's comments(9)

1: It's a shame. What was the management doing? Don't they have the software to monitor the individual screens of the employees, which almost all the BPO's do? These kind of incidents definitely get a bad name to hard working and talented people as well. These people should be punished severely.

Posted by:Eashwar Nath - 21 Jan, 2009

Report abuse

2: There is need to put CCTVs in India to be more vigilant and have a moral check on staff like developed countries where almost every Minister has a free tour and if not ask Lallu.

Posted by:Ashok Kumar Aggarwal - 19 Jan, 2009

Report abuse

3: Why to eat something which you can't digest?

Posted by:Paresh naik - 19 Jan, 2009

Report abuse

4: He had a British Name, British account but an India Mind....Grow up dude......there are smarter folks than u around...
There should be dual authorisation/ release especially when there is a release of fund...KYC rules need to be reviwed whichever country it is...Such huge funds should always be sent to a second and preferably third level before the transfer.....
Corporate Governance.....hmmm...point to ponder..."India Shining" for wrong resons...

Posted by:Subin Jacob - 18 Jan, 2009

Report abuse

5: Miss Rasi, its Ramalinga Raju, not Rao.

Posted by:Sartaj Ali - 18 Jan, 2009

Report abuse

6: I FEAR TO HEAR THE NEWS THAT THE BPO EMPLOYEE MADE A FRAUD OF 4.08 INDIAN RUPEES FRAUD BY DRAWING THE FUNDS FROM THE CLIENT AVIVA . I DO NOT UNDERSTAND WHAT THE OTHER OFFICALS WHO ARE MAIN STREAM OF THIS TRANSCATION IS NOT IDENTIFIED. BY ARREST SINGLE EMPLOYEE WILL NOT SLOVE THE PROBLEM . IT IS BETTER TO SCAN THE ENTIRE BPO OFFICE. FURTHR I CAUTION THE CLIENTS THAT THEY EXPOSING PASSWORDS OF THEIR FOR UN AUTHORISED PERSONS WITHOUT KNOWLEDGE OFTHE ACCOUT TRANSACTIONS.SO IT WILL NOT SOLVE THE PROBLEM. SO CAUTIOUS ABOUT TRANSCATIONS IN THEIR ACCOUNTS.

Posted by:P.R.MALLESWARA RAO - 18 Jan, 2009

Report abuse

7: cunning indeed.. in this recession i think thats how he wanted to save himself.. good try but bad luck.

Posted by:neha - 18 Jan, 2009

Report abuse

8: Idiot. WHile India Inc. is recuperating from Satyam's fraud, this will be another shocker if this news spreads.

Similar to bank transactions that has an authorization procdure, all such transactions that effect in the BPO world should also undergo an authorization procedure.

WHy dont these IDIOTS understand that they will get caught one day or the other.

Posted by:critic - 18 Jan, 2009

Report abuse

9: He, perhaps follows Ramalinga Rao.

Posted by:Rasi - 18 Jan, 2009

Report abuse