The Khadak police in Pune have registered a case against a 71-year-old man from Bibvewadi for allegedly duping four metal sheet and coil manufacturing firms of over Rs 1 crore. The fraudulent transactions occurred between August 2024 and April.
Details of the Fraud
The accused purchased materials worth over Rs 1 crore from the firms but failed to make the payments. A 31-year-old employee of one of the affected companies filed a complaint with the police, leading to the registration of the case.
Modus Operandi
According to a police officer from Khadak police station, the suspect contacted the complainant in August 2024 and placed an order for metal sheets. He provided a cheque for an advance amount. The complainant supplied materials worth Rs 27.51 lakh, but the suspect only paid Rs 8 lakh, leaving a balance of Rs 17.51 lakh unpaid.
The officer further stated that the suspect used a similar method to cheat three other companies, collectively amounting to Rs 83 lakh. Despite repeated follow-ups, the complainant and the other firms did not receive their dues, prompting them to file a complaint.
Legal Action
“We have registered a case on the charge of criminal breach of trust and cheating against the suspect,” the officer said. The police are investigating the matter further.
