Hong Kong trader alleges being cheated of Rs 2.5 cr
A Hong Kong-based Indian businessman has claimed that he was cheated of Rs 2.55 crore by two Delhi men who promised to supply silicon manganese which he could have sold to ArcelorMittal, police said on Thursday.
A case has been registered by Delhi Police's Economic Offences Wing son Wednesday on the basis of complaint filed by Satish C Mishra, Director of Sino-Global Sourcing and Supply. Mishra had claimed that he had deposited USD 5.28 lakh (around Rs 2.55 crore) with the two businessmen over a period of time after entering into a contract with their company, a senior police official said.
"I am a businessman of Indian origin and an Indian Passport holder operating my business from mainly China and Hong Kong. I learnt from the business circle that the two are habitual fraudsters who have cheated and defrauded a number of businessman by trapping them in their net," Mishra said in the complaint.
He approached the Delhi-based company in May 2009 after his firm got queries from Laxmi Mittal-owned ArcelorMittal about supply of silicon manganese. In August 2009, they entered into a contract. Mishra claimed that the two businessmen suddenly changed tacks and asked him to take the entire delivery.
He also claimed that Arcelor Mittal cancelled the order after his company could not provide the required quantity of material as the Delhi businessmen did not give him mandatory test reports or the material.
The duo, however, asked Mishra to pay the amount despite not delivering the consignment.
They had a meeting in September 2010 in Delhi when it appeared that the deal was back on track.
After he returned to China, the Delhi duo informed him that they had forfeited the amount paid by him.
