4 employees of trading firm booked for cheating CA of Rs13 crore

Pune: The Economic Offences Wing (EOW) of the Pune police on Monday registered a case against a share broking firm's four employees for allegedly cheating a city-based chartered accountant of Rs13 crore over a year from Jan 2025.An officer (37) of the share trading company, a resident of Dadar in Mumbai, lodged a police complaint on Monday against the employees from Rajasthan. The EOW then registered the formal case with the Deccan Gymkhana police and took up the investigation.Assistant inspector Sagar Janrao of the EOW, who is probing the case, said, "The suspects were employed at the share trading firm's Pune office on Prabhat Road. The victim, a CA, came to know about the fraud in Jan this year while checking his demat account and raised a complaint with the company. The firm conducted an internal inquiry and zeroed in on its employees. They are currently on the run."According to the police, the suspects managed several demat accounts of the company's clients. They were responsible for maintaining equity portfolios of clients by purchasing shares on behalf of the latter.The FIR stated that the four employees handled the CA's demat account, too. They had complete access to its details.Janrao said, "Whenever the CA transferred money to the broking company for investment, the funds would be routed through the suspects. Instead of investing the money through the victim's demat account, the suspects allegedly used it for their own benefit."He said, "The CA had shares valued at crores in the account. The four suspects emptied it, too. They later transferred the money to different bank accounts and fled."