Abhishek Agarwal, a resident of Masjid bari street in Burtolla area, was yesterday arrested after Raja Saha, Director of a private company, lodged a complaint and alleged that Agarwal siphoned off Rs 54 lakh from the company's current account by forging his signature, police said.
Agarwal siphoned off money from the company's account to a bullion company in Bengaluru. He then flew to Bengaluru where he posed as Raja Saha by using a fake identity card and got two kg of gold, the officer said.