He cheated several textile companies of Rs 15 crore
He cheated several textile companies of Rs 15 crore
The accused, Abdul Lateef (29) alias Rakesh, posed as an import-export businessman and approached major textile companies through the Internet, on the pretext of supplying them raw materials worth several crores.
He managed to convince the companies to procure materials worth Rs 15 crore, by paying only 25 per cent of the total amount in 2009.
After getting the raw materials Lateef sold the same in the open market in Tamil Nadu and other parts of the state and made away with the amount.
When they found out about the fraud, textile companies from Mumbai and Tamil Nadu filed cheating complaints in their respective jurisdictional police stations, which was later referred to the CCB.
Based on the complaint, investigators nabbed Lateef and recovered raw materials worth Rs 10 lakh and a car from him.
The police had already arrested his other accomplices, including Jayashree, Rajshekhar, Kumar Guru.
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| In the net: The crime branch officials nabbed Lateef and recovered raw materials worth Rs 10 lakh and a car from him |
The accused, Abdul Lateef (29) alias Rakesh, posed as an import-export businessman and approached major textile companies through the Internet, on the pretext of supplying them raw materials worth several crores.
He managed to convince the companies to procure materials worth Rs 15 crore, by paying only 25 per cent of the total amount in 2009.
After getting the raw materials Lateef sold the same in the open market in Tamil Nadu and other parts of the state and made away with the amount.
When they found out about the fraud, textile companies from Mumbai and Tamil Nadu filed cheating complaints in their respective jurisdictional police stations, which was later referred to the CCB.
Based on the complaint, investigators nabbed Lateef and recovered raw materials worth Rs 10 lakh and a car from him.
The police had already arrested his other accomplices, including Jayashree, Rajshekhar, Kumar Guru.
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