Industrialist Pawan Ruia arrested in forgery case filed by railways | india-news | Hindustan Times
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Industrialist Pawan Ruia arrested in forgery case filed by railways

Industrialist Pawan Ruia was on Saturday arrested in Delhi in connection with a fire at his factory he owns in Kolakta’s Dum Dum, media reports said.

india Updated: Dec 10, 2016 21:14 IST
File photo of industrialist Pawan Kumar Ruia.
File photo of industrialist Pawan Kumar Ruia.(HT Photo )

Industrialist Pawan Ruia was arrested from his residence at New Delhi on late Friday night in a forgery case, police said on Saturday.

The Criminal Investigation Department (CID) of West Bengal police made the arrest following a complaint filed against him by the Indian railways, alleging forgery to the tune of Rs 50 crore, confirmed deputy inspector general of CID Bharat Lal Meena.

Ruia, owner of Jessop industries, has been charged under Sections 420, 406 and 409 of the Indian Penal Code, Meena added.

It is learnt that recently the deputy director of Indian Railways at Kolkata filed a complaint to the police alleging railways property worth Rs 50 crore were stolen from Jessop’s Dum Dum factory.

“The railways authorities mentioned that they supplied equipment worth Rs 50 crore to Jessop for the manufacture of railway coaches. However, Jessop did not supply the coaches as per the order,” said a CID official.

“Accordingly a joint team of railways and state police inspected the Jessop factory at Dun Dum on November 4, 2016 and found that most of the equipment worth Rs 50 crore went missing. The CID then took up the investigation from Dum Dum police station and finally on late Friday night a team of CID sleuths arrested Ruia from his New Delhi residence,” the CID official confirmed.

Jessop’s Dum Dum factory has been in the midst of controversy since October 2016, following series of fires and thefts there. In this connection the CID had summoned Ruia several times for questioning. But every time Ruia refused to turn up at the CID office.

Ruia became quite powerful during the previous Left Front regime in West Bengal, following his takeover of Jessop in 2003 and Dunlop in 2005, which even earned him the sobriquet “takeover tycoon”. He was backed by the Buddhadeb Bhattacharjee-led seventh Left Front government following his promises of generating employment through the turnaround of these two sick units.

His faceoff with the Mamata Banerjee- lead state government started after the chief minister started questioning about his failures in reviving Jessop and Dunlop.

The faceoff further aggravated in 2014, when Ruia announced suspension of operations at Jessop’s Dunlop factory. The Trinamool Congress has always described Ruia as a close confidant of its arch rival CPI(M).

Finally, in February this year, the state government passed two separate legislations in the West Bengal assembly for takeover of the management control of both Jessop and Dunlop.

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