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ACB Investigation Looms Over IPS Officer Rashmi Karandikar Amid Husband’s ₹32 Crore Fraud Cases

IPS officer Rashmi Karandikar faces ACB probe over undeclared ₹2.64 crore bank account linked to her husband’s alleged ₹32 crore fraud.
Indian Masterminds Stories

Mumbai: IPS officer Rashmi Karandikar, 51, (2004-batch Maharashtra cadre) is under scrutiny after allegedly missing the deadline to submit her mandatory assets and liabilities declaration to the Director General (DG) of Police’s office.

Undeclared Account Triggers Investigation

Following the lapse, the DG’s office unsealed her confidential declaration. Officials reportedly found she had not disclosed a bank account with ₹2.64 crore. The omission has prompted the possibility of an Anti-Corruption Bureau (ACB) inquiry. Karandikar has stated that the account belongs solely to her husband, Purushottam Chavan, and that she has no connection with it.

Husband Accused in ₹32 Crore Fraud Cases

Chavan, 53, faces two First Information Reports (FIRs) filed in January and February 2025, both investigated by the Economic Offences Wing (EOW) of Mumbai Police.

The FIRs allege he defrauded six individuals of ₹7.42 crore by offering government plots at subsidised rates and contracts to supply T-shirts and hoodies to the Nashik Police Academy from 2015 to 2024.

In another case, Chavan is accused of duping 19 people between 2014 and 2019 by promising affordable flats under government housing schemes, misappropriating ₹24.78 crore.

Mounting Scrutiny

With the financial irregularities linked to her spouse, Karandikar now faces internal review. The ACB is expected to determine whether she had any involvement or awareness of the undeclared funds.

Also Read: IPS Officer’s Husband Arrested in Rs. 24.78 Crore Cheating Case by Mumbai EOW


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