One arrested for cheating Mumbai businessman of ₹1.29 crore
According to the complaint, the accused siphoned the money to pay off his other debts.mumbai Updated: May 17, 2018 00:49 IST
The MIDC police on Monday arrested a businessman for allegedly duping another businessman of ₹1.29 crore after failing to deliver on his promise of producing an ingredient used in the preservation of animal food.
The accused has been identified as Kishore Maniyar, 52.
The complainant, Kishore Choudhary, runs a private company. As per the complaint, Maniyar approached Choudhary in April 2017 claiming that he was in desperate need of money to start work at his factory at Nagpur.
He convinced Choudhary that he had 50 to 60 workers at the factory and he often received orders from foreign companies.
Following this, Choudhary gave Maniyar money and raw materials to start the work.
According to the complaint, Maniyar siphoned the money to pay off his other debts.
The complainant further alleged that the accused had only 15 workers at the factory, did not use the raw materials, and forged bills to mislead the complainant.
In February 2018, Choudhary approached the MIDC police when Maniyar failed to repay the money.
A first information report (FIR) was registered against Maniyar under sections 420, 406, 120B and 467 of the Indian Penal Code (IPC) for cheating, breach of trust, conspiracy and forgery.
The accused was produced before a magistrate court and remanded into police custody till May 19. Two relatives of the accused are also wanted in the case.