Archive · 26 Dec 2025
Former Accountant Booked for GST Fraud
A man named Bhagwan Kaskar, who used to work as an accountant for a film company, was arrested.
He took Rs 46.24 lakh that was supposed to pay taxes for the company's boss.
Because of this, the company now owes Rs 65.82 lakh in taxes, including penalties and interest.
The boss, Vishal Ramchandani, reported Kaskar to the police after he promised to return the money but didn't.
The company is in Khar and one of its directors is a famous Bollywood actor and film producer.
Kaskar admitted the fraud and gave some cheques, but only Rs 2 lakh was repaid.
Bhagwan Kaskar, former accounts employee of Excel Entertainment, embezzled Rs 46.24 lakh meant for GST payment.
The embezzlement led to the company's tax dues rising to Rs 65.82 lakh, including penalties and interest.
The complainant, Vishal Ramchandani, is the CEO of the company and has been associated since 2008.
Kaskar admitted to the fraud and submitted cheques for repayment but only Rs 2 lakh was repaid.
The company has a Bollywood actor and film producer as one of its directors.
- Who
- Bhagwan Kaskar, former accounts employee of Excel Entertainment Pvt Ltd
- What
- Embezzlement of Rs 46.24 lakh meant for GST payment
- When
- Between 2018 and October 2024, FIR filed on December 24, 2024
- Where
- Khar, Mumbai
- Why
- To pay GST for the CEO, leading to increased tax dues and penalties
Complainant
Accused
Repayment
Complainant
The complainant expects full repayment of the embezzled amount.
Accused
The accused has only repaid Rs 2 lakh and requested not to deposit the cheques.
- Accused
- Bhagwan Kaskar
- Complainant
- Vishal Ramchandani
- Amount Embezzled
- Rs 46.24 lakh
- Total Loss
- Rs 65.82 lakh (including penalties and interest)
- Company
- Excel Entertainment Pvt Ltd
- Company Location
- Khar, Mumbai
- Company Director
- Bollywood actor and film producer
- FIR Date
- December 24, 2024
