Archive · 5 Jan 2026
Mumbai Police Arrest Couple in ₹11 Crore Fraud
The Mumbai Police's Economic Offences Wing arrested a man and his wife for stealing ₹11 crore from a company.
The couple, who worked as accountants, used mobile banking to transfer money to their own accounts.
The police tracked them down after they tried to hide by turning off their phones and moving to a new house.
The police found that the man transferred ₹8.68 crore, with ₹3.46 crore going to his wife's account.
They are still investigating to find out where all the money went and to catch any other people involved.
The couple could go to jail for up to 10 years.
Girish Champaklal Dave and his wife Yashika Girish Dave were arrested for a ₹11 crore financial fraud at M/s C.N. Sanghvi & Company (Forward) Pvt. Ltd.
The couple was tracked down in Bhayander (West), Thane district, after trying to evade police by switching off their phones and moving houses.
Girish Dave allegedly siphoned off ₹8.68 crore, with ₹3.46 crore transferred to his wife's account.
The police are investigating to trace the remaining funds and identify all beneficiary accounts.
The accused have been arrested under Sections 47 and 48 of the Bharatiya Nagarik Suraksha Sanhita, 2023, and Section 316(5) of the Bharatiya Nyaya Sanhita, which carries a punishment of up to 10 years’ imprisonment.
- Who
- Girish Champaklal Dave and his wife Yashika Girish Dave
- What
- Arrested for ₹11 crore financial fraud
- When
- After 15 days of pursuit and technical surveillance
- Where
- Bhayander (West), Thane district
- Why
- For alleged financial misappropriation and illegal fund transfers
Accused
Police
Fraud Allegations
Accused
The accused deny the allegations and claim the transfers were legitimate.
Police
The police allege the accused siphoned off ₹11 crore from the company.
- Accused
- Girish Champaklal Dave and Yashika Girish Dave
- Company
- M/s C.N. Sanghvi & Company (Forward) Pvt. Ltd.
- Amount Fraud
- ₹11 crore
- Amount Siphoned
- ₹8.68 crore
- Amount Transferred to Wife
- ₹3.46 crore
- Arrest Location
- Bhayander (West), Thane district
- Sections Under Which Arrested
- Sections 47 and 48 of the Bharatiya Nagarik Suraksha Sanhita, 2023, and Section 316(5) of the Bharatiya Nyaya Sanhita
Sources
Mumbai Police EOW Arrest Accountant And Wife In ₹11 Crore Fraud Case After Tracking Them Through Technical Surveillance
केएल राहुल-अथिया शेट्टी और अरशद वारसी के नाम पर हुई धोखाधड़ी, जाली सिग्नेचर कर हड़पे गए करोड़ों रुपए, जानें क्या है मामला
