Thane, Sep 25 A case has been registered against a private firm and its three directors for allegedly cheating a Navi Mumbai-based businessman of Rs 8.46 crore in a raw material supply deal, police said on Friday.
The complainant, Gaurav Anil Singhal, a resident of Vashi, alleged that his company purchased raw material and supplied it to APRAN Enterprises for a 2.25 per cent commission, but the firm defaulted on payments for three years, an official from Bhiwandi police said.
The accused, Aditya Arvind Agarwal (35), his brother Gautam (38) and father Arvind Agarwal (71), approached the complainant in August 2024 for capital to procure raw materials.
According to the agreed terms, the complainant’s company purchased raw materials and supplied them to APRAN Enterprises and its subsidiary units, and in return, the complainant was promised a 2.25 per cent commission and repayment for the material within a stipulated period. While initial transactions went smoothly, the accused eventually began intentionally evading payments.
To settle part of the dues, the accused issued 10 cheques of Rs 25 lakh each, but only one cheque cleared while the remaining bounced. During a meeting in March, the accused provided a written schedule agreeing to clear Rs 4.5 crore in 12 instalments, but failed to pay a single instalment, the official said, quoting the complaint.
The accused cheated the complainant of Rs 8.46 crore between August 10, 2024 and September 22, 2026, he said, adding that a case has been registered under the Bharatiya Nyaya Sanhita, but no arrests have been made.
(PTI News)
