Two employees of the Cama Group have been accused of embezzling ₹1.70 crore through fraudulent financial transactions at the company’s establishments in Ahmedabad and Mount Abu, Rajasthan. A complaint has been lodged with the Economic Offences Wing (EOW), prompting an official investigation.
According to a media report, the accused—Manish Vadi, who managed accounts for the group, and Mithalal Parmar, employed at the Cama Rajputana Resort in Mount Abu—allegedly created fake entries and generated forged vouchers to siphon funds.
The fraud came to light in September 2024 during an internal audit, which flagged multiple irregularities. When questioned, Vadi claimed he would submit a detailed report. Meanwhile, suspicious entries were also identified in the resort’s accounts in Mount Abu.
Both employees later told company officials that the hard disk containing financial data had crashed. However, after the disk was repaired, they failed to provide the recovered data to the accounts department.
A preliminary audit eventually confirmed that Vadi and Parmar were involved in misappropriating ₹1.70 crore. Police have registered a case and launched a detailed investigation into the matter.