Once the funds were credited, the money was allegedly siphoned off to personal and third-party accounts
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The Kalachowki police have registered an FIR in a Rs 6.49 crore financial fraud case, booking 16 persons for alleged cheating, criminal breach of trust, and conspiracy in connection with a Mumbai-based manufacturing company.
The case centres on the alleged misuse of financial authority and forged documentation to raise unauthorised loans by the accused over more than a year. According to the complaint filed by a director of the company, a senior employee entrusted with complete control over the firm’s financial operations allegedly abused her position of trust.
Police said that between August 2024 and September 2025, multiple unauthorised loans were allegedly raised from private money lenders and non-banking finance entities without the knowledge or consent of the company’s directors. Once the funds were credited, the money was allegedly siphoned off to personal and third-party accounts.
The alleged fraud came to light after a finance company approached the firm seeking repayment. No arrests have been made so far, and the accused are yet to be examined.
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