Gurugram, Nov 17 (IANS): The Gurugram police have arrested an accounts executive of a private firm for his alleged role in a scam involving a fraudulent transfer of Rs 7 crore from the company's accounts to his father, friends and family members, the police said on Tuesday.

The arrested accused has been identified as Ran Vijay Singh (33) a native of Bihar who was currently residing at Najafgarh in Delhi.

The accused was arrested on Monday from Bajghera Chowk following an investigation by the Crime Branch unit of Sector-31.

According to the police, Tarun Kumar, the account manager of the company in New Palam Vihar here, filed a complaint on November 10 accusing Ran Vijay Singh of carrying out fraudulent transactions.

"Singh joined the company in 2008 and was the authorised person for all transactions from company's bank accounts. During an audit, we came to know that he had transferred Rs 7 crore from the company's bank accounts to his father, friends and other family members," Kumar said in his complaint.

The accused admitted to fraudulent transactions of Rs 5 crore, the police said.

The case was registered under relevant sections of the IPC at Bajghera police station.

While the probe is on, the police will seek the custody of the accused for further questioning.