Mumbai: A shocking case of fraud has surfaced in the Powai area, where an assistant manager of the renowned elevator company Schindler India Pvt. Ltd. allegedly embezzled ₹73 lakh from the company. Following a complaint from the company’s legal team, Powai Police have registered a case against the accused, identified as Shailesh Kutty Shetty, and launched an investigation.

According to Powai Police, Shailesh Shetty was responsible for arranging food and snacks for company meetings, an expense that typically amounted to ₹5-7 lakh annually. However, in July 2024, the company noticed a sharp spike in these expenses, with a bill of ₹1.2 crore submitted by Shetty. This raised suspicions among the finance controllers, who ordered an internal audit in August 2024.

The investigation revealed that Shetty had submitted 34 fake bills and funneled ₹1.2 crore directly into his salary account. Of this amount, ₹45 lakh was later transferred to a catering contractor, Ravindra Kulaye, while the remaining funds were pocketed by Shetty. When confronted, Shetty requested 8-10 days to return the money.

However, after confirming the fraud, the company filed a formal complaint with the Powai Police. The police are now actively searching for Shetty and investigating his connection with the contractor and the extent of the scam.