Director V K Gupta of Cenlub Engineers Limited, in his complaint, has accused his employees of cheating the company of Rs 32,97,254, they said.
Gupta has alleged that three of his employees - Gulab Singh, Yusuf, Prakash Chand Jha - have siphoned off the money.
The three accused were managing the attendance and wages of the company's employees.
The trio manipulated the attendance of the company's employees leading to a loss of Rs 33 lakh, Gupta alleged.
A case has been registered against the accused under relevant sections of the IPC yesterday and the matter is being investigated, Investigating Officer ASI Devdatt said.
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