Mumbai CA Duped of ₹1.64 Crore in High-Value Accounting Scam

Mumbai, India: A 59-year-old chartered accountant, Bharat Dhanji Gala, was allegedly cheated out of ₹1.64 crore in an accounting contract scam in Dadar. The Bhoiwada police have registered a case against Mohammad Akram Abdul Sattar, a resident of Jodhpur, Rajasthan, and launched an investigation.

The fraud began in January 2024 when Akram, posing as a secretary of a Jodhpur-based company, visited Gala’s office in Dadar East. He claimed to have business ties with industrialists Praful Patel and Ravi Jain and promised a lucrative accounting project. Akram also introduced an associate, Ashish Agarwal, alleging he needed accounting services for new businesses due to a family dispute.

Trusting Akram, Gala transferred ₹1.64 crore via online banking, Google Pay, and other platforms—raising funds through bank loans, credit cards, and personal borrowings. However, when Gala demanded his money back, Akram failed to honor his promises, including issuing six cheques of ₹20 lakh each.

Realizing the scam, Gala filed an FIR at Bhoiwada police station, and authorities are actively investigating the fraud.