Leader of risky venture dismissed for embezzlement (10)
I believe the answer is:
peculation
'for embezzlement' is the definition.
(synonyms)
I don't understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for peculation that I've seen before include "Misapplying" , "embezzlement" .)
I've seen this clue in The Times.
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