India, Jan. 7 -- A 38-year-old accountant arrested in a Rs.11-crore fraud splurged around Rs.4 crore in bars and dance bars in Mira-Bhayandar and northern parts of the city over four years, the Economic Offences Wing of the Mumbai police said on Tuesday.

Girish Kumar Dave, 42, a resident of Bhayandar, was arrested on January 1. Since he had transferred Rs.3.42 crore to his wife Yashika's bank accounts, she too was arrested with him. The case was registered by Sameer Sanghavi from C N Sanghavi and Company (Forwards) Private Limited.

The FIR said that three accountants of the company had siphoned off around Rs.11 crore since 2021, claiming this as payment to various vendors. Dave was with the company from 2012, Vishwajit Shinde since 2013...