3i Infotech Uncovers Massive ₹128 Cr Fraud: Complaint Filed with Navi Mumbai Police, eMudhra, Ex-Execs Implicated

3i Infotech Limited filed a formal complaint on February 3, 2026, with the Economic Offences Wing (EOW) of Navi Mumbai Police, alleging large-scale financial misconduct. The fraud spans December 2010 to January 2021, centered on the illicit disinvestment of 3i Consumer Services Limited later rebranded as eMudhra Limited and unauthorized redemption of preference shares. Estimated losses surpass ₹128 crore, plus interest and damages, marking a significant blow to the IT firm's legacy operations.
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Key Highlights

• Fraud Scope: Criminal breach of trust, cheating, and fraudulent disinvestment of subsidiary assets.
• ​Timeline: Offenses occurred between Dec 2010 and Jan 2021, involving former executives.
• ​Financial Hit: Impact exceeds ₹1.28 billion rupees (₹128 Cr+), with ongoing damage assessments.
• ​Actions Taken: Complaint lodged with EOW Navi Mumbai; parallel filing planned with SEBI regulator.
• ​Company Response: Builds on prior forensic audits and high-powered committee probes into past mismanagement.

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This development underscores rising corporate governance scrutiny in India's IT sector, with investigations now underway.
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Sources: Wegro App on X (Feb 3, 2026); Prysm.fi (Nov 2025 updates)