Published On : Sat, Feb 2nd, 2013
Nagpur Crime | By Nagpur Today Nagpur News

Three NRIs among eleven booked for 4.6 crore fraud

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Nagpur News : On court’s order, Sitabuldi police has booked three NRIs among eleven people for allegedly cheating and fraudulently duping Rs 4.6 crore of city’s agro company Director, Ronald Powell.

Powell, 75-year-old, owned a Prashav Agro Company Private Limited on East High Court road at Ramdaspeth. According to his report, in 2006, he had jointly bought bajra worth Rs 4.6 crore with Mesars Grand Flour Mills Limited (MGFML) in Tamil Nadu. Both the companies have decided to prepare flour from bajra.

He claimed that according to the agreement, the benefits gained from the bajra flour, will be distributed among Powell and three others- Vishwanath Rewletti of Sharjah, Chaya Dwarkanath from Arab and Rehana Mazra from UK.

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However, instead of sharing the benefits with Powell, Mohammas Issaac- Chairman of MGFML, Kerala, Managing Director Abdul Basir and four other directors of the company-Nafisu Peramapalli, Ponayath Hamja, Usman Koyappa, Musa Perumapalli- cheated him and transferred the money in their accounts.

Powell has alleged the eleventh accused from State Bank of Maharashtra, whose names is not yet indentified. He claimed that some bank staffer have helped to transfer the money.

Powell has reported the matter to JMFC court no. 2 and the case.

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