A Delhi-based businessman has been arrested for allegedly cheating a Mumbai-based company dealing in High Security Registration Plates (HSRP) for vehicles to the tune of Rs 46 crore between 2009 and 2013, police said on Wednesday.
Accused Ravi Somani was arrested on 18 January from Delhi while his three associates are wanted in the case, police said.
According to Economic Offence Wing of the Mumbai police, Somani, one of the directors of
Utsav Safety Systems, which also deals in HSRPs, allegedly duped Rosmerta Technologies Ltd by getting supplied raw materials such as aluminium sheets, reflective sheets among others to the tune Rs 46 crore on credit basis but never made any payments.
Somani, along with his associates, even went on threatening the victim of tarnishing Rosmerta’s image by making false complaints against it before the government agencies and police, police said.
Quoting complainant Pankaj Madan, who is the director of Rosmerta, an EOW official said Somani came in contact with the victim’s company in 2009.
Accused Ravi Somani was arrested on 18 January from Delhi while his three associates are wanted in the case, police said.
According to Economic Offence Wing of the Mumbai police, Somani, one of the directors of
Utsav Safety Systems, which also deals in HSRPs, allegedly duped Rosmerta Technologies Ltd by getting supplied raw materials such as aluminium sheets, reflective sheets among others to the tune Rs 46 crore on credit basis but never made any payments.
Somani, along with his associates, even went on threatening the victim of tarnishing Rosmerta’s image by making false complaints against it before the government agencies and police, police said.
Quoting complainant Pankaj Madan, who is the director of Rosmerta, an EOW official said Somani came in contact with the victim’s company in 2009.