New Delhi, June 26: Delhi Police today claimed to have unearthed an embezzlement of over Rs one crore in the government-run Institute of Public Finance and Management (IPFM) and arrested its accounts officer and his wife in this connection. Sharad Agarwal and his wife Indu had allegedly been engaged in cheating the IPFM and the government over the last five years and were arrested by the Economic Offences Wing (EOW) of crime branch after a thorough investigation, deputy commissioner of police (EOW) Dinesh Bhatt said here today.

He said Sharad had named some other employees of the IPFM as being involved in the embezzlement of Rs 1.07 crore and an investigation was on.

Bureau Report