Employee Arrested in Mumbai for Rs 5.72 Crore Gold Coin Fraud Scheme Using Forged Documents

Oct 06, 2025 05:13 pm CST

A Mumbai man has been arrested for defrauding his employer of gold coins worth Rs 5.72 crore through an elaborate scheme involving fake purchase orders from a pharmaceutical company. The accused, Sunil Gupta, created counterfeit documents to misappropriate 7 kilograms of gold intended for corporate gifts, using his position of financial authority within the company.