India, Sept. 27 -- A senior executive of an investment consultancy firm in Andheri was booked on Thursday for allegedly embezzling Rs.1.18 crore from the firm between December 2024 to July 2025.

According to the police, the accused, Pankaj Gupta, 41, joined Marseles Investment Managers Pvt. Ltd. in Andheri East in 2022 as the chief financial officer. He was entrusted with handling the financial transactions and also had access to corporate credit cards.

"During a routine check, the firm's accounts team noticed some suspicious transactions made by him between December 2024 to July 2025," said the complainant, Parimal Deuskar, chief legal advisor of the company. When questioned, Gupta allegedly gave evasive replies, after which the matter...