Four people have been arrested for allegedly setting ablaze a chemical factory in Thane district of Maharashtra, police said on Thursday. According to assistant police inspector Pramod Badak, some unidentified persons barged into the factory located in Kashimira area on February 10 and set it ablaze. While there was no casualty, the factory suffered damage in the incident, he said.

The local crime branch investigated the case and found that the factory owner had failed to pay dues worth Rs 8 crore to a financier. The financier, in a bid to settle scores with the factory owner, allegedly gave a contract to some persons to destroy the chemical unit, Badak said.