Mumbai: Chartered Accountant Duped of ₹1.64 Crore by Jodhpur Youth in Fake Accounting Contract Scam

A Chartered Accountant from Dadar, Bharat Dhanji Gala (59), has allegedly been duped of ₹1.64 crore by a Jodhpur-based youth. The accused, identified as Mohammad Akram Abdul Sattar, reportedly promised Gala high-value accounting contracts in reputed companies but failed to deliver.

According to Bhoiwada Police, the incident began in January 2024 when Mohammad Akram Abdul Sattar visited Bharat Gala’s office in Dadar (East). Introducing himself as a company secretary from Jodhpur, he claimed to have strong connections with businessmen Praful Patel and Ravi Jain, who could help Gala secure large-scale accounting projects.

Akram further mentioned that his associate, Ashish Agarwal, a prominent businessman from Jaipur, was in the process of setting up new companies due to a family property division. He assured Gala that these firms required a Chartered Accountant for registration, GST filings, and taxation services, promising a lucrative business opportunity.

Trusting Akram’s words, Gala transferred a total of ₹1,64,56,944 to the bank accounts provided by him. The payments were made through online banking, Google Pay, and other digital platforms.

To arrange the funds, Gala reportedly took loans from banks, used credit cards, and even borrowed money from friends and relatives. Now, as creditors demand repayment, he is facing mounting financial pressure.

When Gala asked for his money back, Akram assured him that repayments would start from September 23, 2024. He also promised to issue six cheques of ₹20 lakh each and provide an undertaking for ₹45 lakh by September 30, 2024. However, neither the cheques nor the money materialized.

Moreover, when Gala’s wife contacted Akram regarding the repayment, he allegedly misbehaved and used abusive language.

Realizing he had been defrauded, Bharat Gala filed an FIR against Mohammad Akram Abdul Sattar (25), accusing him of financial fraud. The Bhoiwada Police have registered the case and launched an investigation.