The Kalachowki police have registered an FIR in a Rs 6.49 crore financial fraud case, booking 16 persons for alleged cheating, criminal breach of trust, and conspiracy in connection with a Mumbai-based manufacturing company.

The case centres on the alleged misuse of financial authority and forged documentation to raise unauthorised loans by the accused over more than a year. According to the complaint filed by a director of the company, a senior employee entrusted with complete control over the firm’s financial operations allegedly abused her position of trust.