BENGALURU: An employee who committed financial irregularities in the corporate office of Malabar Gold and Diamonds was arrested on Friday. Visual Merchandising Section assistant general manager Arjun Sathyan (36), a native of Erumeli Edakadathy, was arrested by Bengaluru police.

The accused was arrested from Kozhikode on a complaint filed by the company after the audit department found financial irregularities that had been going on for five years unnoticed. The accused was remanded by the court and was sent into police custody for questioning.

After conspiring with the clients of the company's marketing department, Arjun extorted about Rs 1.5 crore and transferred it to the bank accounts of his parents and wife. A complaint has also been lodged against the accused's wife, parents and clients who were complicit in the financial irregularities.