Surat: Police in Gujarat’s Surat have registered a case against 32 individuals and entities in connection with an alleged financial fraud involving approximately ₹10.84 crore linked to a transport business.
According to the complaint, company funds were allegedly diverted through bank accounts, online banking facilities, fuel cards and transport billing systems over a period spanning January 2021 to April 2026. The investigation has now been handed over to the Economic Offences Wing (EOW).
Complaint Alleges Misuse of Banking Access
The case was registered following a complaint by Jitendra Gupta, owner of JK Express and JK Transline. The two companies reportedly operate a transport fleet of 92 trucks across Mumbai, Surat and Rajkot.
The complaint names Parin Taylor, an accountant who had reportedly been associated with the companies for around 11 years, as the alleged central figure in the suspected financial irregularities.
According to the complaint, Gupta shared one-time passwords (OTPs) received on his mobile phone with the accountant to authorise business payments, including payments to petroleum companies.
Investigators are examining allegations that this access was subsequently misused to alter beneficiary information in payment-related documents.
₹8.59 Crore Allegedly Diverted Through Bank Accounts
The complaint alleges that bank account details belonging to the accountant's relatives, acquaintances and other individuals were substituted for the accounts of petroleum companies that were supposed to receive payments.
The alleged irregularities reportedly came to light after company representatives noticed discrepancies in payments made to petrol pumps.
A subsequent review of bank transactions allegedly found several payments going to accounts that were not connected with the intended petroleum suppliers.
The complaint puts the alleged bank-transfer diversion at approximately ₹8.59 crore.
Fuel Cards and Transport Bills Also Under Investigation
The alleged financial irregularities were not limited to bank transactions.
Police are also examining claims that fuel cards belonging to the transport companies were misused. According to the complaint, fuel purchases were allegedly made at petrol pumps and locations that did not correspond with the companies' normal transportation routes.
Another allegation concerns manipulation of transport bills. The complaint states that records were allegedly created showing additional vehicles being deployed for a customer, after which payments connected to those vehicles were allegedly diverted.
The complaint estimates the alleged total loss at ₹10.84 crore, including approximately ₹54.82 lakh in allegedly misused fuel-card transactions and around ₹1.70 crore allegedly transferred to a particular firm.
32 People and Entities Named
The FIR reportedly names 32 accused individuals and entities. Several family members of the alleged main accused are also named, including his wife, brother, sister-in-law and parents.
Police are also examining the alleged role of Jai Kuber Transport and other partnership firms. According to the complaint, Jai Kuber Transport was allegedly operated by the accountant's brother and another partner.
The complainant has requested that investigators examine the involvement of any additional individuals or entities that may emerge during the investigation.
Police Examine Property and Vehicle Purchases
The complaint also alleges that the accountant and some family members purchased 12 trucks and acquired a flat in Mumbai during the period under investigation.
Investigators are examining whether these assets have any connection with the funds allegedly diverted from the transport companies.
Such asset tracing can be an important part of a Financial Investigation when investigators need to establish where allegedly misappropriated funds ultimately moved and whether they were used to acquire assets.
Nine Accused Arrested So Far
Dumas police registered the case under multiple provisions of the Bharatiya Nyaya Sanhita (BNS), including Sections 316(4), 336(2), 336(3), 338, 340(2), 61(2) and 3(5).
Police have reportedly arrested nine people so far. Those arrested include alleged main accused Parin Taylor and alleged associates or relatives Pratik Taylor, Tejal Taylor, Geeta Taylor, Bhupendrasingh Bhadoria, Prahladsingh Kataria, Mahendra Singh, Priyanka Parmar and Manish Nayaka.
The allegations remain subject to investigation, and being named or arrested in the case does not by itself establish guilt.
EOW Traces the Alleged Money Trail
With the case now being examined by the EOW, investigators are reviewing bank accounts, payment records, fuel-card transactions, transport bills and documents connected with vehicle and property purchases.
The investigation is also expected to focus on tracing the alleged diverted funds through the accounts and entities that received them.
Authorities will need to establish the exact flow of money, identify the beneficiaries of the disputed transactions and determine whether other people were involved.
The case highlights the risks businesses can face when a single employee has extensive access to banking credentials, payment systems and financial records. Strong approval controls, independent transaction verification and regular reconciliation can help businesses detect unusual financial activity before losses become significant.