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Goldman VP arrested in Bengaluru after bank alleges Rs 38 crore theft

Ashwani Jhunjhunwala, part of Goldman's Bengaluru operations in southern India, last week used the computers of three junior employees to transfer Rs 38 crore ($5.3 million) of the bank's money

A sign is displayed in the reception of Goldman Sachs in Sydney (Photo: Reuters)
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A sign is displayed in the reception of Goldman Sachs in Sydney (Photo: Reuters)

Reuters
Police arrested a Goldman Sachs vice president on Tuesday after the Wall Street bank complained that he had tried to siphon more than $5 million of its funds, a police official said on Tuesday.
 
Ashwani Jhunjhunwala, part of Goldman's Bengaluru operations in southern India, last week used the computers of three junior employees to transfer Rs 38 crore ($5.3 million) of the bank's money, according to the complaint filed by Goldman.
 
Reuters could not reach Jhunjhunwala in custody, and police official B.P. Girish said no lawyer had yet approached them on his behalf.
 
"We arrested him today," Girish, the inspector