‘No client investments involved’: Marcellus CEO after CFO booked for Rs 1.18 cr fraud
Pankaj Gupta, CFO of Marcellus Investment Managers, has been accused by Mumbai Police of embezzling Rs 1.18 crore through unauthorised transactions. CEO Saurabh Mukherjea assured that client funds were not affected and the transactions were limited to corporate credit accounts. The issue was discovered during an audit, and Gupta is alleged to have conducted over 30 questionable transactions.