Nagpur: Economic offences Wing (EOW) of Nagpur Police arrested a fraudster, who along with his accomplices, had duped a grain merchant from Wardha district to the tune of Rs 2 crore by promising high returns on investment in a company that operates Trade Profit Fund. Identified as Mohammad Taha Khan Jalil Khan, the accused is a resident of Crawford Market, Mumbai.
Khan along with his accomplices Asif Rangoonwala, Satyendra Shukla, Mehul Mardia alias Ganpat, Kailash Narwade, and Vivek Agrawal, lured the grain merchant Jayesh Chandrana into investing Rs 2 crore cash in Trade Profit Fund operated by P Bhagat & Company by promising a profit of Rs 1.20 crore. The accused Khan assured him that the principal amount and the profit would be deposited in his bank account through RTGS.
Chandrana had given them Rs 2 crore for depositing in the TPF allegedly run by P Bhagat & Company. He did not get any profit and realised that he was defrauded. On the basis of Chandrana’s complaint, a case under Sections 420, 406, 120(b) and 34 of the IPC was registered at Ganeshpeth Police Station in Nagpur against the fraudsters.
After investigating the case, police had arrested three persons and recovered Rs 8 lakh from them. Prime accused Mohammad Taha Khan had moved the High Court seeking anticipatory bail. As the HC turned down his application, he moved the Supreme Court. After the apex court rejected his anticipatory bail plea, police arrested him and obtained 7- day remand for his custodial interrogation. The arrest was made under the supervision of DCP (EOW) Archit Chandak.
Rice trader cheated of Rs 1.68 crore
The Economic Offence Wing of Nagpur police has issued notices to four persons for allegedly extorting Rs 1.68 crore and duping a rice trader from Nagpur. Chinnababu Reddy, Vipin Agrawal, BV Krishnarao and director of Laxmi Venkateshwara Hygiene Food, all from Kakinada, Andhra Pradesh, have been booked.
In April 2023, the complainant, Anoop Goyal, owner of Shriram Food Industries, bought 30,000 tonnes of rice for exporting it to West Africa. The rice was stored at a company’s godown at Kakinada.
Manager of the company Shri Kumar, Agrawal and Reddy told Goel that The Rice Exporter Association has denied permission to load the rice on ship. To ‘settle’ the matter, Reddy allegedly demanded Rs 2.49 crore. Goyal agreed to pay Rs 1.69cr. Agrawal then called Goel to deposit money in a food company’s account rather than the association’s account. Once the consignment reached Senegal, Goyal approached the Lakadganj police.
