A complaint in this regard has been lodged at Worli Police Station yesterday, DCP Ashok Dudhe said.
Police are probing the matter, he added.
The complainant is Nirlon Ltd's prominent share holder businessman Janak Mathuradas, who spotted a similar painting at an exhibition in New York, police said.
After spotting Gaitonde's artwork which used to be in the board room of Nirlon House, he gave a written complaint to Worli police.
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