Two senior employees booked for cheating firm of Rs 4.86 crore using forged documents in Mumbai

MUMBAI: Two senior employees of a company have been booked for cheating the company of Rs 4.86 crore by forging company documents and misusing their position of trust. The accused fabricated a fake board resolution and other company papers and submitted them to a bank without authorisation, securing loans of Rs 2 crore and purchase of luxury cars (Audi Q7) for personal purposes.
Marine Drive Police have booked Deepak Rajesh Shah (49) and Deepak Prakash Naik (51) for allegedly defrauding Triveni Mudrai Project Limited of Rs 4.86 crore by forging company documents, misusing trust, and illegally availing bank loans.

According to the police, in 2024, the accused conspired to fabricate a fake board resolution and forged company documents, which were falsely projected as genuine. Without obtaining any permission from the company, the accused allegedly submitted these documents to a bank and fraudulently obtained loans amounting to Rs 2 crore, of which Rs 1.20 crore and Rs 80 lakh were separately disbursed.


Investigations reveal that the loan amount was used to purchase two luxury cars, which the accused continue to use for personal purposes. Additionally, an amount of Rs 14.11 lakh was allegedly transferred from the company’s bank Cuffe Parade branch account to another account and misappropriated.

Police further stated that two additional vehicles purchased earlier with company consent involved loan amounts of Rs 1.44 crore and Rs 1.42 crore, totaling Rs 2.86 crore. Despite resigning from the post of director and severing all official ties with the company, Deepak Naik allegedly retained possession of all four vehicles without authorisation and failed to return them even after receiving a legal notice.

The company alleged that the two accused have caused a total financial loss to the company of Rs 4.86 crore.

A case has been registered against both accused, and further investigation is underway.



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