Mumbai Police books ex-CFO of Marcellus for Rs 1.18-crore fraud

Mumbai Police, Marcellus investment managers against the former Finance Director, the company’s personal use accounts 1.18 Crore allegedly arranged a lawsuit for allegedly.

Police reserved Pancaj Gupta with a complaint filed by the company’s chief legal consultant.

According to the Fir’s Fir, the company noticed the alleged fraud after marking suspicious payments made from HDFC Bank Corporate Account and Credit Card between December 2024 and July 2025. The complainant told the police that Gupta offers tattoo credit card statements and incorrect supportive documents.
Marcellus said that the company had identified and reported the incident to the authorities. The company is currently under investigation and said, “Therefore, we cannot comment more.”

Police officials said how the funds were directed and whether they were involved in the alleged fraud more people.