Narayan Singh Guliya (64) has alleged that over the past couple of years, the accused, Avinash Vijay Rajeshirke (32), created bogus accounts using the agency’s name and transferred the agency’s funds into them. After learning about the fraud, Guliya had approached the EOW Cell and registered a complaint on Wednesday.

Rajeshirke has been booked for alleged forgery and cheating. Guliya heads a security agency that provides security cover to government offices across the country.

“Rajeshirke, a resident of Navi Mumbai, handled the Mumbai operations of the agency and was responsible for managing agency’s money transactions here. According to Guliya’s complaint, between January 10, 2003 and June 2007, Rajeshirke had created bogus accounts using the agency’s name in Mumbai and Ratnagiri, forged a power of attorney by putting his signature as the agency’s proprietor and then deposited Rs 86.7 lakh into the accounts. He has claimed that the accused has also withdrawn some money from the accounts,” said Deputy Commissioner of Police (EOW) Punjabrao Ugle.

Ugle said that while they are on Rajeshirke’s trail, the accounts he opened have been frozen. A case has also been registered at the Bhoiwada police station.