Accountant booked for ‘siphoning off’ Rs 1.08 crore from South Mumbai firm

The police are now scanning the bank accounts belonging to the accused. Fali Palkhivala, one of the directors of Chira Bazar based Zaina Electric and Mechanic Works Pvt. Ltd. on Friday filed a police complaint.

As per their complaint, Mapuskar has been working with the complainant’s company as accountant-cum-manager for many years. Between May 2016 and March 2023, Mapuskar allegedly transferred Rs 1.08 crore into his bank accounts from company’s three bank accounts, a police officer said. This money was transferred under the guise of salary.

When the fraud came to light, the company carried out an internet check and learnt that the accused allegedly siphoned off Rs 1.08 crore over a period of seven years, police said.

An officer privy to the investigation has said that in the preliminary inquiry it was revealed that the accused had siphoned off the money from employer company’s account and invested in some ponzi scheme in Delhi a few years ago. The person to whom he had given the money for investment have neither returned him the profit nor the principal amount.