2 hrs ago
Navi Mumbai Accountant Accused of ₹40.58 Lakh Vendor-Bill Fraud
Police say an accountant at a construction company may have taken money using fake bills.
The bills used the names of real vendors who had not done the work.
The accountant allegedly copied signatures and used false stamps.
He also allegedly changed the company’s digital accounting records to hide the payments.
Investigators say the money went to the bank accounts of four friends.
The suspected transactions totaled ₹40.58 lakh.
The issue was discovered when a vendor noticed tax had been recorded in his name for work he had not done.
Police are looking for all five accused, and an audit may show that more money was involved.
Accountant Balkrishna Dhadambe allegedly diverted ₹40.58 lakh from a construction firm through duplicate vendor bills.
Police allege payments were sent to the bank accounts of four of Dhadambe’s friends.
The suspected scheme involved forged vendor signatures, fake stamps and unauthorized company cheques.
The fraud was uncovered after vendor Rituraj Singh questioned a tax deduction deposited in his name.
Dhadambe and the four associates are absconding, while a chartered accountant audits the company’s records.
- Who
- Accountant Balkrishna Dhadambe and four associates are accused; the construction firm reported the alleged fraud.
- What
- An alleged scheme involving duplicate vendor bills, forged signatures and diverted payments totaling ₹40.58 lakh.
- Where
- A construction firm in Navi Mumbai; the case was registered by Khandeshwar police.
- When
- The alleged transactions occurred between February 5 and December 31, 2025; the wider vendor-payment review covered January through December 2025.
- Why
- Police allege Dhadambe misused genuine vendors’ names and company financial processes to divert payments to associates’ accounts.
Key facts
- Amount allegedly diverted
- ₹40.58 lakh
- Number of alleged transactions
- 34
- Accused
- Accountant Balkrishna Dhadambe and four associates
- Alleged methods
- Duplicate vendor bills, forged signatures, fake stamps, company cheques and false Tally entries
- Initial trigger
- Vendor Rituraj Singh questioned a tax deduction deposited in his name
- Current status
- All five accused are reportedly absconding
- Ongoing review
- The company has commissioned a comprehensive chartered-accountant audit
Quotes
A police officer
Police officer speaking about the status of the five accused
“All the accused are currently absconding and efforts are underway to trace them”
freepressjournal.in
Sources
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