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Home > Mumbai > Mumbai News > Article > Cloth merchant defrauded of Rs 24 Lakh in Thane 4 accused

Cloth merchant defrauded of Rs 24 Lakh in Thane; 4 accused

Updated on: 09 June,2024 08:48 PM IST  |  Thane
mid-day online correspondent |

The four people have been charged with criminal breach of trust, cheating, and forgery under sections 406, 420, and 468 of the Indian Penal Code

Cloth merchant defrauded of Rs 24 Lakh in Thane; 4 accused

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Four fabric company owners have been charged with defrauding a textile merchant of Rs 24 lakh in Bhiwandi, Maharashtra's Thane district, police said on Sunday.


The four people have been charged with criminal breach of trust, cheating, and forgery under sections 406, 420, and 468 of the Indian Penal Code, respectively, reported PTI. 



According to the complainant, the accused established bogus businesses and purchased clothing worth Rs 23.92 lakh from him and his companions on May 14 without making any payments. An investigation found that the accused had closed their business. An official confirmed that no arrests have been made thus far, the report added. 


In another incident of fraud, a retired bank employee from Nagpur was scammed out of Rs 87.6 lakh by cyber fraudsters who enticed him to invest in share trading, police said on Sunday.

A case has been registered under relevant sections of the Indian Penal Code and the Information Technology Act based on the complaint stated another PTI report.

Per the report, the 60-year-old complainant received a message from his daughter's Instagram account, promoting investments and high returns after completing online courses on an app. He downloaded the app, completed the courses on 16 May, and received investment suggestions for different companies.

The complainant transferred Rs 87.6 lakh to the bank accounts of three companies through Immediate Payment Service (IMPS). When no returns were received, he realised he had been defrauded, the official said, the report added. 

Illicit liquor seized on Mumbai Express train; two arrested

Meanwhile, in unrelated another incident, two people were arrested aboard an express train with 260 bottles of illegal spirits, a Western Railways official said on Sunday. On Saturday, the Western Railway inspection squad confiscated the contraband from the Jammu Tawi Vivek Express at the Bandra station, stated another PTI report. 

The accused individuals said that they were taking the whisky to hotels in Surat, Gujarat, where alcohol is outlawed. Surat's Government Railway Police (GRP) have arrested the culprits and seized the spirits for further legal action, the report added. 

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