Archive · 3 Oct 2025
CFO of Mumbai Firm Booked for Embezzlement
A former CFO named Pankaj Gupta, who was in charge of finances for a Mumbai-based financial firm, is in trouble.
He's accused of taking around Rs 1.18 crore of the company's money for himself.
The police have filed a case against him.
He was using the company's funds for his own needs.
The firm is located in an industrial area in Mumbai and has about 100 employees.
The money was allegedly taken between December 2024 and July 2025.
Pankaj Gupta, 41, is accused of embezzlement.
He was the CFO of a firm in Mumbai.
The firm is located in the MIDC area.
He allegedly embezzled Rs 1.18 crore.
The alleged embezzlement occurred between December 2024 and July 2025.
- Who
- Pankaj Gupta, former CFO.
- What
- Allegedly embezzled Rs 1.18 crore.
- When
- Between December 2024 and July 2025 (allegedly).
- Where
- Mumbai, Maharashtra.
- Why
- The articles do not specify why.
- Accused
- Pankaj Gupta
- Age
- 41
- Former Title
- Chief Financial Officer
- Firm Name
- Marcellus Investment Managers
- Amount Embezzled
- Rs 1.18 crore
- Location of Firm
- MIDC area, Mumbai
- Approximate Employee Count
- 100