Fraud on company: one held

An employee of a Gulf-based company was arrested in connection with the case of duping a company in the city where he worked earlier to the tune of Rs One crore, police today said.
He was produced before the Second Judicial First Class Magistrate Court here and remanded to judicial custody till August 16.
Police said the accused Adil Sheikh, belonging to Kadri here, was working for Primacy Industries Limited in the city before he went to Dubai in 2009 to join Fab World General Trading owned by one Parvez Ahmed from Mumbai.
They said Adil later got in touch with Primacy Industries authorities in 2013 and said his company in Dubai could supply high quality paraffin wax. Following this, Primacy ordered for supply of 125 tonnes of wax, paying Rs 1.08 crore.

However, officials of Primacy were shocked when the consignment arrived as it contained only chalk powder. Realising that they had been deceived, the company filed a complaint with the Panambur police station. The two fled for Dubai in 2014 without meeting the conditions in the anticipatory bail granted to them, police said.
When Adil Sheikh came from Dubai on August 8 to Mumbai, policemen arrested him at the airport and informed Panambur police. Policemen went to Mumbai and brought him to the city and produced him before court. Efforts were on to trace Parvez, second accused in the case, police said.