The police booked Pankaj Gupta on a complaint filed by the company’s chief legal advisor.
The company noticed the alleged fraud after its internal audit flagged suspicious payments made between December 2024 and July 2025 from its HDFC Bank corporate account and credit card, according to the FIR, which ET has seen. Further scrutiny showed that Gupta had submitted forged credit card statements and false supporting documents, the complainant told the police.
In a statement, Marcellus said the company had itself detected and reported the incident to the authorities. The matter is under investigation now and “hence we cannot comment further” on the case, the company said, but added that the incident had no impact on client investments or their funds.
Police officials said they are probing the money trail to ascertain how the funds were diverted and whether more people were involved in the alleged fraud.
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