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News1809-02-2026, 22:45

IT Firm Manager Booked for Rs 10 Crore Corporate Fraud in Mumbai

  • Amit Arvind Shah, a senior accounts manager at a Mumbai IT firm, booked for alleged corporate fraud of Rs 10 crore.
  • Shah allegedly misused confidential company data and resources to establish a rival firm in his son’s name.
  • He diverted clients and sent proposals to the original company's clients through the newly created entity.
  • A forensic audit of Shah's laptop revealed he used the complainant company’s resources to operate the new firm.
  • The alleged conspiracy resulted in financial losses of approximately Rs 10 crore to the original firm.

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