Bengaluru, Sep 10 (IANS) Global financial services firm Goldman Sachs India executive Ashwini Jhunjhunwala was arrested here for allegedly transferring Rs 38 crore from the company's bank account to his personal account, police said on Tuesday.

"On a written complaint by the company's Indian subsidiary here, we arrested 36-year-old Jhunhunwala under section 420 of the Indian Penal Code on late Monday and produced him in a local court on Tuesday," Marathahalli Circle Inspector S.P. Girish told IANS.

--IANS fb/vd