Mumbai: Trusted Senior Employee Betrays Company, Accused of Embezzling INR 31 Lakh

Senior HR manager of Mumbai garment businesses accused of embezzling INR 31 lakh; now in police custody.

Mumbai: Trusted Senior Employee Betrays Company, Accused of Embezzling INR 31 Lakh

A senior HR manager, who had been promoted for her performance during the pandemic, of a Mumbai firm was arrested on Monday, November 21. The accused has been identified as Rajani Sharma. She is facing charges of embezzling INR 31 lakh from the bank accounts of five garment businesses in Mumbai.

Sharma has been working with businessman Mehul Sanghvi since 2018. She was handling all HR-related tasks and the accounts department after the company's staff left during the pandemic.

Sanghvi had complete trust in Sharma. He even shared his company's bank account password and his email credentials with her to facilitate crucial tasks in his absence.

In September, an accounts department executive noticed several suspicious transactions while preparing income tax returns. Further examination revealed that those transactions totaled INR 31 lakh.

The transactions were made under the complainant's capital returns in the company's records. Upon reviewing these transactions, the complainant discovered that the funds had been moved into a Navi Mumbai bank account that Sharma and her mother jointly own, per the FIR.

Following this discovery, Sanghvi ordered a review of all company transactions over the past five years.

The police suspect that Sharma may have embezzled more money than reported.

Based on Sanghvi's complaint, the Santacruz police filed a case against Sharma under sections 408 (criminal breach of trust by an employee) and 420 (cheating) of the Indian Penal Code (IPC). Sharma is scheduled to appear before the court on Tuesday, November 21.

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