Bizman, absconding after duping company of over Rs 16 lk, arrested

Image
Press Trust of India New Delhi
Last Updated : Oct 11 2018 | 12:35 AM IST

A 46-year-old businessman who was absconding for the last 19 years was arrested for allegedly duping a company of over Rs 16 lakh, police said Wednesday.

The accused, identified as Ajay Kumar, was arrested from Patna in Bihar, they said.

Based on a complaint filed on February 2, 1999, a case was registered at Okhla Industrial Area police station, they added.

The complainant alleged that the accused cheated the company of Rs 16, 40,000 by submitting two forged demand drafts and taking computer parts worth the amount, a senior police officer said.

On January 4, 2003, Kumar was declared as a proclaimed offender by the Patiala House Court.

During interrogation, the accused revealed that in 1998, he along with his associates Anoop and Akhilesh carried out a deal with a businessman of Okhla and purchased computer parts worth Rs 16,40,000 and gave forged demand draft to the victim, the senior officer said.

The accused persons sold the computer parts and with that money, Kumar started his wholesales business of pulses, rice and oil, he said.

Accused Anoop and Akhilesh were arrested in connection with the case earlier but Kumar was evading arrest, he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 11 2018 | 12:35 AM IST

Next Story