I worked with an education institution in Hyderabad who's head office is in Delhi, Due to some personal reasons I don't know why I have took the amount and not entered in the database and used it for my self and the amount is not more than 53000/- I resigned to my job then they found about and said they will file formal police complaint against me I told them and begged I'm ready to pay it back and informed them about it, but I haven't received any proper response.
I do not wish to go jail for this. do I go jail? what IPC will be charged for 50000/- what should I do?
Your primary duty is to refund such amount which was allegedlyl embezzled with interest @ Bank rate, explaining the circumstances under which you could not account it to the company. No company is interested in prosecuting you. They are interested in recovering the amount. First reimburse the amount, then justify your action.