2 months ago
Pune Employee Accused of ₹2.45 Crore Fraud Using Fake CEO Emails
A man named Kaustubh Shivkumar Vibhute, who worked in a company in Pune, India, is accused of stealing ₹2.45 crore from his company.
He did this by creating fake emails pretending to be the CEO, making fake documents, and changing the company's computer records.
He also changed the bank details of real vendors to send the money to his own account.
The company did not check these changes properly and sent the money as instructed.
The police have started investigating the case.
A Pune employee is accused of embezzling ₹2.45 crore from his company using fake CEO emails and forged documents.
The fraud involved creating fake expense reimbursement claims, forged loan repayment documents, and manipulating the company's ERP system.
The accused altered banking details of genuine vendors to divert payments into his own bank account.
The company's finance department processed the payments without verifying the altered account details.
The fraud caused a financial loss of ₹2,45,36,584 to the company.
- Who
- Kaustubh Shivkumar Vibhute (accused), Yogesh Suresh Deepankar (victim)
- What
- Corporate fraud involving embezzlement of ₹2.45 crore using fake CEO emails and forged documents
- Where
- Pune, India
- When
- Fraud duration: June 11, 2024 - February 3, 2026; Case registered on July 20, 2026
- Why
- To misappropriate company funds
Company's Perspective
Accused's Perspective
Fraud Execution
Company's Perspective
The employee executed a well-planned scheme to misappropriate company funds using fake emails, forged documents, and manipulated electronic records.
Accused's Perspective
No perspective available from the accused.
Key facts
- Accused Name
- Kaustubh Shivkumar Vibhute
- Victim Name
- Yogesh Suresh Deepankar
- Fraud Amount
- ₹2,45,36,584
- Fraud Duration
- June 11, 2024 - February 3, 2026
- Case Registration Date
- July 20, 2026
- Police Station
- Baner Police Station
- Legal Actions
- Case registered under BNS and Information Technology Act
Sources
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