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

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News18•09-02-2026, 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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