Press Esc to close
Saturday 10 December 2016
News updated at 2:38 AM IST
Weather
Max: 28.9°C
Min : 18.4°C
In Bengaluru
Partially cloudy

Man dupes traders of Rs 2 cr, held

New Delhi, April 5, 2013 DHNS:
A 32-year-old man has been arrested for duping several businessmen of over Rs 2 crore on the pretext of providing bulk orders from housing companies, police said on Thursday.

Mohit Wadhwa, a resident of West Patel Nagar, was held over a complaint by Palvinder Singh Rakhara, a prominent distributor of air conditioners. “Initially, to win the trust of the dealers and distributors, he used to place small orders on credit payment basis and ensured that post dated cheques were timely honoured,” said K K Vyas, deputy commissioner of police (economic offences wing).

After winning the trust of the victims, Mohit used to place larger orders, make part payment and then abscond. All the post dated cheques issued subsequently for balance payments bounced.

“He later sold the goods obtained from victims in open market,” Vyas added.
Palvinder alleged that Mohit had approached him at his shop in March 2012. “Mohit presented himself as a businessman with connections and having bulk orders from housing projects undertaken by reputed housing companies,” Vyas said.

He convinced Palvinder to give goods on seven days credit basis, after which many cheques were issued. Initially, the cheques were cleared, but later on cheques worth Rs 32 lakh bounced. “Mohit gave several excuses for non payment, but changed his mobile number later. He refused to meet the complainant and also changed his address,” Vyas added.

Palvinder discovered that several other businessmen were also cheated using the same modus operandi. Over a period of time, 18 more complaints against Mohit were received from distributors of air-conditioners, mobile phones, generators, TVs, home appliances and electronic goods located in Delhi and Ghaziabad.

 

Go to Top

Photo Gallery
The super yacht Indian Empress, owned by fugitive Indian businessman Vijay Mallya...

The super yacht Indian Empress, owned by fugitive Indian businessman Vijay Mallya...

Students of Metagalli JSS Highschool forms India map during Bharath Matha Pooja programme...

Students of Metagalli JSS Highschool forms India map during Bharath Matha Pooja programme...

Artistes perform during the International Gita Mahotsav-2016 in Kurukshetra...

Artistes perform during the International Gita Mahotsav-2016 in Kurukshetra...

Tibetan spiritual leader, the Dalai Lama at the inauguration of a four-day seminar on legacy...

Tibetan spiritual leader, the Dalai Lama at the inauguration of a four-day seminar on legacy...

Two rats gather in a shrub at the Saint Jacques Tower park, in the center of Paris...

Two rats gather in a shrub at the Saint Jacques Tower park, in the center of Paris...

A wrecked bus after meeting with an accident on the Delhi-Agra National highway due to fog...

A wrecked bus after meeting with an accident on the Delhi-Agra National highway due to fog...

Smoke rises from the house where two Lashkir-e-Toiba (LeT) militants were hiding...

Smoke rises from the house where two Lashkir-e-Toiba (LeT) militants were hiding...

Huge cash seized by the Income Tax department after it conducted searches in Chennai...

Huge cash seized by the Income Tax department after it conducted searches in Chennai...

The carcass of elephant Sidda being shifted in a lorry for the burial at the Manchanbele dam...

The carcass of elephant Sidda being shifted in a lorry for the burial at the Manchanbele dam...

A heater is placed in the enclosure of a tiger to keep big cat warm during cold day at Sanjay...

A heater is placed in the enclosure of a tiger to keep big cat warm during cold day at Sanjay...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523