The Mumbai Police booked Marcellus Investment Manager CFO Pankaj Gupta in connection with an embezzlement case. He has been accused of siphoning Rs 1.18 crore through several unauthorised transactions. The CFO had been entrusted with the corporate credit cards of the company as he was responsible for managing all financial transactions.

According to an NDTV Profit report, the matter first came to light during a routine check earlier this year. Gupta had made over 30 suspicious transactions between December 2024 and July 2025 totalling Rs 1.18 crore. He reportedly confessed after the matter was escalated to company director Sudhanshu Nahata and explained how company funds were transferred to his personal bank accounts.

‘Misused cards to gain Rs 1.18 crore’

“Pankaj Gupta misused both the

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