According to the police, the alleged fraud exceeds Rs 4.31 crore. The company and its directors reportedly deceived investors through multiple financial schemes. The suspected scam is believed to have taken place over several years

Based on a tip-off, the police raided the premises and seized a total of 138 gas cylinders, of which 85 which were empty. The collective value of the cylinders of different gas companies is around Rs 4.48 lakh, senior inspector Sunil Warude of the Chitalsar police station said