TN man booked for duping city traders of Rs 63.5 lakh

Tribune News Service

Ludhiana, January 10

The Division No. 4 police have registered a fraud case against a Tamil Nadu-based man for duping several hosiery traders of about Rs 63.50 lakh. The suspect has been identified as Shivaji.

Gaurav Pahwa, a resident of Wait Ganj, told the police that Shivaji bought hosiery goods worth lakhs from several traders in Ludhiana but did not pay them. Shivaji is to pay Rs 23 lakh to him, Rs 7.61 lakh to Rakesh Kumar of Rainbow Knitwears, Rs 15.42 lakh to Bharat Bhushan owning B Bhushan Wools Store, Rs 9.04 lakh to Gaurav Fabrics and Rs 8.29 lakh to Rajesh Kumar of Roopsi Knitwears. The complainant alleged that the suspect had given cheques of two banks but later asked the banks to stop payment on these cheques.

The investigating officer, ASI Janak Raj, said the traders had submitted a complaint in July last year and a case was registered after a thorough probe into the matter.

The ASI said the police would conduct raids in Tamil Nadu to arrest the accused.