Mumbai: The Pydhuni Police has arrested a 33-year-old businessman from Jaipur for allegedly duping an iron and steel manufacturer of the city to the tune of Rs 4.05 crore. According to the police, the accused had also forged a letter of credit. Which he claimed was issued by a bank to persuade the complainant to supply steel on credit. Police have identified the arrested person as Jai Govind Dhamani (33) and who was arrested from a hotel in Jaipur, Dhamani has been brought to Mumbai on transit remand.
According to information received from the police, a complaint was filed in January at the Pydhuni police station, in which complainant Kunal Girish Jain said that he was introduced to Dhamani by a common broker. After due consultation with the broker, Jain started supplying steel coils to Dhamani’s company. Till January everything went smoothly as Dhamani used to make the payment on time, but in January he said that 558 MT of steel coil is needed on 35 days credit.
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not paid on time
As he had already won the confidence of the complainant by making timely payment and Dhamani’s company had maintained a clean market record. The complainant started supplying steel coils, but Dhamani did not make the payment within the promised period and reported loss in business. Jain then approached the Pydhuni police and registered a case of cheating, forgery and conspiracy against him.
Accused in police custody till February 9
Police arrested Dhamani from Jaipur and brought him to Mumbai and was produced in a court on Monday, where the court sent him to police custody till February 9 and further investigation is on.