Mumbai Crime: IPS Officer Rashmi Karandikar Faces ACB Probe Over Undeclared ₹2.64 Crore Bank Account; Husband Accused In ₹32 Crore Fraud Cases

Mumbai: IPS officer Rashmi Karandikar, 51, is facing growing legal trouble after allegedly failing to submit her mandatory assets and liabilities declaration to the Director General (DG) of Police's office within the stipulated deadline.

Undeclared Bank Account Sparks Probe

In response to the delay, the DG’s office unsealed her confidential declaration and reportedly discovered that she had failed to disclose a bank account containing Rs 2.64 crore.

Officer Claims Account Belongs to Husband

This omission has triggered the possibility of an Anti-Corruption Bureau (ACB) investigation against her. However, Karandikar has claimed that the account in question is operated solely by her husband, Purushottam Chavan, and that she has no involvement with it.

Husband Facing ₹32 Crore Fraud Allegations

Purushottam Chavan, 53, is currently the subject of two First Information Reports (FIRs) being investigated by the Economic Offences Wing (EOW) of Mumbai Police.

Registered in January and February 2025, the FIRs accuse him of defrauding six individuals out of Rs 7.42 crore under the pretext of securing government plots at subsidised rates and offering contracts to supply T-shirts and hoodies to the Nashik Police Academy from 2015 to 2024.

In a separate case, Chavan allegedly duped 19 people between 2014 and 2019 by promising them affordable flats under various government housing schemes. The total amount misappropriated in that scheme alone is estimated to be Rs 24.78 crore.

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With mounting financial irregularities and allegations tied to her spouse, Karandikar now finds herself in the crosshairs of internal scrutiny. The ACB is expected to further investigate whether there was any complicity or knowledge of the undeclared funds on her part.