An Orange County couple has been arrested after embezzling nearly $5 million from a local company over the course of nearly a decade. According to the Irvine Police Department, Gurpreet Kaur Lakhiani, 41, a former company controller, and her then-husband, Deepak Lakhiani, 40, are accused of stealing the funds between 2012 and 2021.
The couple allegedly used the embezzled money to fund their lavish lifestyle, purchasing luxury vehicles, jewelry, real estate, and funding extensive travel. The Irvine business was forced to close due to the significant financial losses, leaving many employees without jobs.
The Lakhianis were arrested and booked into the Orange County Jail, with $4.4 million warrants issued for embezzlement, grand theft, money laundering, and receiving stolen property. However, authorities have not disclosed the specific company involved in the theft or the method used to embezzle the funds.
The investigation, which began three years ago, highlights the couple’s extensive fraudulent activities and the profound impact on the business.