Hyderabad, Sept. 1 -- The EOW Police of Cyberabad arrested an IRDAI employee in forgery, cheating and misappropriation of funds to the tune of Rs 5.30 Crores. The accused created and forged invoices, office notes, and quotations, diverting IRDAI funds to his Personal Bank Account and those of his family members for personal gain, thereby defrauding IRDAI, a release said.

An FIR is filled with number53/2025 was filled under appropriate section including 318(4), 316(5), 338, 336(3), 340(2), 344 r/w 61(2) BNS 2023 of EOW PS, Cyberabad.

According to the release, the police arrested Bhaskarabhatla Suryanarayana Sastry, Assistant Manager in the General Administration department of the Insurance Regulatory and Development Authority of India (I...