<h1>Assistant manager at national insurance regulator allegedly embezzled over Rs 5 crore using fake invoices and diverted funds</h1> An assistant manager at a national insurance regulator is accused of embezzling over Rs 5 crore by diverting funds into personal and relatives' bank accounts over two years using fabricated invoices purportedly for vendor payments. The alleged scheme was detected when an intended payee reported nonreceipt, prompting an internal complaint and registration of a criminal case by the Economic Offences Wing of local police under relevant statutes relating to fraud and criminal breach of trust. Investigation is ongoing and authorities are examining transaction records and documentary evidence.