World Window India's ex-president arrested for misappropriating Rs 30 crore

A former president of World Window India Impex was arrested for allegedly misappropriating funds worth Rs 30 crore and cheating the company authorities, police said on Wednesday.

Accused Ajay Khera worked as executive director of Central Warehousing Corporation and he took voluntary retirement to join as president at World Window India Impex -- a group company of Seagull Maritime Agencies, they said.

A probe was initiated by the Economic Offences Wing of Delhi Police after the director of Seagull Maritime Agencies lodged a complaint against Khera, police said. The company deals in freight forwarding business in India.

Ravindra Singh Yadav, Special Commissioner of Police (Crime), said, "In 2010, Seagull started a branch in the USA. The accused (ex-employee of Group Company) who was working with the company as legal consultant, requested the ex-promoters of Seagull to employ his son (Siddharth Khera) to look after the USA branch of Seagull. Accordingly, Siddharth Khera was appointed a