Overview

• Pankaj Gupta, 41, the chief financial officer of Marseles Investment Managers in Andheri East, was booked for alleged embezzlement under cheating and criminal breach of trust provisions of the Bharatiya Nyaya Sanhita.
• The firm’s accounts team detected suspicious activity during a routine review covering December 2024 to July 2025, with more than 30 transactions reported by Financial Express citing NDTV.
• After initial questioning drew evasive replies, director Sudhanshu Nahata confronted Gupta, who reportedly admitted diverting company funds to personal accounts and using corporate credit cards for personal expenses.
• Chief legal advisor Parimal Deuskar filed the complaint at the MIDC police station in Mumbai, prompting formal registration of the case.
• Police have opened an investigation, and there is no public report of an arrest or court proceedings beyond the case registration.