Investment firm CFO steals money from the firm. (Image: Freepix) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Mumbai police booked Pankaj Gupta, the chief financial officer of Marcellus Investment Managers Pvt. Ltd., on Thursday for allegedly syphoning Rs 1.18 crore from the firm through multiple unauthorised transactions, according to reports.

Gupta, 41, was hired by Andheri East-based Marcellus Investment in 2022 for the position of CFO. The accused had access to the company's corporate credit cards since he was entrusted with and accountable for managing the company's financial transactions, HT reported, citing the police.

In his complaint, Parimal Deuskar, chief legal advisor of the company, wrote, "During a routine check, the firm’s accounts team noticed so

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