Paper items meant for commercial purposes worth Rs 4.21 crore were allegedly stolen from the godown of a businessman in Maharashtra's Thane district, police said on Sunday.

The victim owned a godown at Purna village in Bhiwandi town here. As a friendly gesture, he had allowed another company in the same business to store its raw material in his godown and also given them a key for access to the premises, an official from Narpoli police station said.