Archive · 24 Jan 2026
Mumbai Cyber Crime: Ex-Manager Arrested for ₹8.69 Crore Theft
A man named Jaiprakash Basantilal Sodani worked as a senior accounts manager at a private company.
After he left the company in 2022, he used his old access to the company's bank account to steal ₹8.69 crore.
He transferred the money to his own account and to other people's accounts, including his wife's.
The company found out during an audit and reported it to the police.
Sodani ran away but was caught about a month and a half later.
He admitted to the crime and said he used some of the money to buy a property in Rajasthan.
The police are still looking for his wife and other people involved.
Former senior accounts manager Jaiprakash Basantilal Sodani stole ₹8.69 crore from his ex-company using bank credentials.
Sodani transferred the funds to his own account and to other individuals, including his wife.
The theft was discovered during an audit in October 2022, leading to a police case.
Sodani was arrested after absconding for about a month and a half.
He admitted to the crime and revealed that some of the money was used to buy a property in Rajasthan.
- Who
- Jaiprakash Basantilal Sodani, a former senior accounts manager
- What
- Stole ₹8.69 crore from his former company using bank credentials
- When
- After resigning in May 2022, discovered in October 2022
- Where
- Mumbai, India
- Why
- To siphon off company funds for personal gain
- Accused Name
- Jaiprakash Basantilal Sodani
- Amount Stolen
- ₹8.69 crore
- Position
- Senior Accounts Manager
- Tenure
- September 21, 2019 to May 25, 2022
- Property Purchased
- ₹1.31 crore in Rajasthan
- Amount Returned
- ₹17.90 lakh
- Current Status
- In police custody