Belagavi : Mumbai based Bhavyaharen Desai who allegedly cheated cash of Rs 4.41crore to “Automotive Bus and Coach Pvt Ltd” functioning on Desur road in Belagavi was remanded back to judicial custody on Tuesday.

Bhavyaharen Desai resident of Maskati Mahal area in Mumbai who was working as Finance Controller of the company had allegedly created few fake documents to show that the the company has done business with other companies for which his management had believed and got transferred company funds to the bank accounts of his known persons.

Desai, through RTGS had got transferred the company money of Rs 4,41,95,041 to his known persons bank accounts.

After, company noticed the financial misappropriation, branch manager Prakash Chunappa Sarvi had filed a complaint with Belagavi Rural police who later transferred to CEN police.

As there was a possibility of Desai to escspe to foreign contries, the CEN police team led by Inspector BR Gaddekar immediately made cancel his passport and VISA and through the Indian Airport Authority had issued a notification in this regard. The Airport Authority had passed the information to all the International Airports in the nation.

Knowing that the police investigation against him taking fast, Desai planned to fly abroad and been to Mumbai Airport. The Airport informed the Airport Authority which made his stay long in the airport and informed the Belagavi police who rounded up him and brought to Belagavi last month.

The IIIrd JMFC Court had given Desai to police custody for 10 days which ended on Tuesday (April 5).