Pune Employee Accused Of ₹2.45 Crore Fraud Using Fake Emails

A major corporate fraud has been uncovered in Pune, where an employee is accused of embezzling over ₹2.45 crore from his company. The alleged fraud took place between June 11, 2024, and February 3, 2026, and was reported to the police on July 20, 2026.

According to the police, the accused, Kaustubh Shivkumar Vibhute, a 34-year-old resident of Mundhwa, abused the trust placed in him by the company and executed a well-planned scheme to misappropriate company funds. He allegedly created fake expense reimbursement claims, forged loan repayment documents, and fabricated vouchers to make the transactions appear legitimate.

The police investigation revealed that Vibhute also tampered with the company's Enterprise Resource Planning (ERP) system, altering banking details linked to genuine vendors. He changed the beneficiary bank account details, IFSC codes, and payment information, diverting payments meant for vendors into his own bank account.

The company's finance department processed the payments without independently verifying the altered account details, believing the instructions had been issued by the CEO through official emails. The fraudulent transactions allegedly caused a financial loss of ₹2,45,36,584 to the company.

The complaint was filed by Yogesh Suresh Deepankar, a 44-year-old resident of Balewadi, and the case has been registered at the Baner Police Station. The police have booked the accused under the relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act.

The alleged fraud is a significant blow to the company, and the police are conducting further investigations to uncover the full extent of the scam. The case highlights the importance of verifying transactions and ensuring the security of company systems to prevent such frauds.

The accused's actions were premeditated and well-planned, and he took advantage of the trust placed in him by the company. The police are working to recover the stolen amount and bring the accused to justice.

The incident serves as a reminder for companies to be vigilant and implement robust security measures to prevent such frauds. It also highlights the need for employees to be aware of the company's policies and procedures to prevent such scams.

In conclusion, the alleged corporate fraud in Pune is a significant case, and the police are working to ensure that justice is served. The case highlights the importance of security and verification in preventing such frauds and the need for companies to be vigilant in protecting their assets.