The <a href="https://www.mid-day.com/search/mumbai-police-articles" target="_blank" rel="none noopener">Mumbai Police</a> has arrested two persons who were part of a racket that allegedly siphoned off Rs 7.5 crore from the bank accounts of a city-based businessman over the last four years, an official said on Saturday.
The businessman, who is in the transport and aviation businesses, lodged an FIR against 11 people including his trusted accountant in April.
According to the complainant, the accused included his two cousins and as many friends along with others.
In the last four years, all the 11 accused, including five women, transferred Rs 7.5 crore from the bank accounts of the companies run by the complainant as well as his personal account, to their accounts, the official said.
The incident came to light when the businessman was informed about some suspicious transactions in his accounts by his bank.
The businessman had initially approached the <a href="https://www.mid-day.com/search/Crime-News--articles" target="_blank" rel="none noopener">Economic Offence Wing</a> (EOW) of the Mumbai Police but the case was transferred to Sahar police station.
"Police nabbed Swapnil Chavan and Girish Agrawal on Friday. Chavan was earlier held on charges of robbery and extortion," the official said.
He said the police had made several calls to 11 persons named in the FIR to record their statements but they evaded the police.
<a href="https://www.mid-day.com/news/india-news/article/actress-ameesha-patel-surrenders-before-ranchi-court-in-cheque-bounce-case-23292846" target="_blank" rel="none noopener">Also read: Actress Ameesha Patel surrenders before Ranchi court in cheque bounce case</a>
"Police have identified the masterminds behind this fraud as one Vimal Jagdish Agrawal and his wife Nupur," the official said.
A case was registered under sections 477-A (Falsification of Accounts), 408, 409 (Criminal breach of trust) 420 (cheating), 120-b (conspiracy), and 34 (common intention). Further investigation is underway, the official added.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
 <script async="async" data-cfasync="false" src="//pl23789885.revenuecpmgate.com/7445444aea29efc3d061cbd866026c06/invoke.js"></script>
 <div id="container-7445444aea29efc3d061cbd866026c06"></div>

Mumbai Police has arrested two persons who were part of a racket that allegedly siphoned off Rs 7.5 crore from the bank accounts of a city-based businessman

Mumbai businessman loses Rs 7.5 crore to fraudsters including his accountant; 2 held

Maha: Chaos at Youth Congress meet; leadership downplays it

The Mumbai Police has arrested two persons who were part of a racket that allegedly siphoned off Rs 7.5 crore from the bank accounts of a city-based businessman over the last four years

Mumbai businessman loses Rs 7.5 crore to fraudsters including his accountant; two held

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Ganeshotsav 2026

Home / Mumbai / Mumbai News / Article / Mumbai businessman loses Rs 7.5 crore to fraudsters including his accountant; two held