Archive · 27 Sep 2025
CFO Booked for Embezzling ₹1.18 Crore from Investment Firm
The CFO of an investment firm is accused of taking ₹1.18 crore from the company.
He allegedly used company credit and ATM cards to move the money to his own bank accounts.
When the company found out, he admitted to it.
The police are now investigating after a legal consultant filed a complaint.
Pankaj Gupta, CFO of Marcellus Investment Managers, is accused of embezzlement.
The amount allegedly embezzled totals ₹1.18 crore.
Gupta used the company's credit card and ATM card.
The incidents took place between December 2024 and July.
A legal consultant filed a complaint with the police.
- Who
- Pankaj Gupta, CFO of Marcellus Investment Managers, allegedly embezzled funds.
- What
- Theft of ₹1.18 crore from Marcellus Investment Managers.
- When
- Between December 2024 and July of the current year.
- Where
- Mumbai, India.
- Why
- Gupta allegedly transferred funds to his personal accounts.
- Accused
- Pankaj Gupta
- Role
- CFO
- Company
- Marcellus Investment Managers Pvt Ltd
- Amount Embezzled
- ₹1.18 crore
- Method
- Company's credit card and ATM card
- Complaint Filed By
- Parilmal Deuskar
- Banks Involved
- HDFC Bank, Kotak Bank, Axis Bank
