Bhavdeep, who was a sleeping partner in Rajmoti Oil Mill owned by Samer Shah, wrote an application to police commissioner Anopamsinh Gehlot accusing Shah and eight others of issuing a fake cheque in his name.
Shah, also the president of Saurashtra Oil Millers' Association (SOMA) and the Rajkot Chamber of Commerce and Industry (RCCI), is wanted by police in connection with a murder case.
"I was a sleeping partner in Rajmoti Oil Mill from year 2006 to 2014. However, I ended the partnership in March 2014," Vala stated in the application.
"I was cheated by Sameer and eight others when I got a legal notice from an edible oil mills from Jamnagar and asking me to that a cheque of Rs 21.74 lakh issued by me has been returned and therefore I should pay the amount within 15 days or face legal action," Vala said.
He said Shah and others could have issued the fake cheque in his name to defame him.
"Though I am no longer a partner with Rajmoti Oil Mill, I came to know that Sameer Shah and eight others may have issued fake cheque in my name to defame me," Vala wrote.
Shah is accused in connection with the kidnapping and murder of Amedabad branch manager of his firm, Dinesh Daxini over some financial issues earlier this month.
Police already issued a look out notice for Shah who is untraceable.
When contacted, the police commissioner said he has not yet received Vala's application.
"The application may have been submitted to the concerned police station, but I have not received it yet. But once I get the application, and after reading it the action would be taken accordingly," Gehlot added.
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