Coaching institute Mahesh Tutorials has allegedly been swindled of Rs 1.27 crore by a former employee. The Mulund police have booked Harshad Kabule, who worked as an assistant manager there, as well as his wife Shweta Bhagat in connection with the case on Tuesday. No arrest has been made yet. 

According to the administration of Mahesh Tutorials, which approached the Mulund police on September 26, during an internal audit earlier this year, officials found that the balance in the official account was less than expected. Top officials then asked the finance department to probe the shortfall. It was after this that Kabule met the finance manager in July, stating that the deficit was due to a Fixed Deposit of Rs 50 lakh he had made in May but forgot to inform the authorities.