The Mulund police have arrested one of the accused in a Rs 8.46 crore fraud case registered in December 2024 by a pharmaceutical company. The case pertains to an alleged commercial scam involving unpaid dues, forged documents, and fraudulent business dealings.
The arrested accused, Mukesh Trivedi, is the chief executive officer (CEO) of the accused company and is alleged to have played a central role in orchestrating the fraud. The accused company operates as a chemical manufacturing company headquartered in Surat, Gujarat, specialising in industrial and pharmaceutical supplies.
The case stems from a complaint filed by a Mulund-based supplier of pharmaceutical raw materials. In their FIR, the company alleged that between mid-2023 and August 2024, a Gujarat-based firm procured large quantities of goods but failed to make payments. The complainant claimed they were misled with invalid letters of credit, unenforceable bank guarantees, and cheques issued from closed accounts or signed by unauthorised persons.
Initial dealings, which began in late 2022, were reportedly smooth. However, by mid-2024, payments worth `8.46 crore were pending, prompting the company to take legal action. According to police sources, six individuals were originally named in the FIR. One is now in custody, three have filed anticipatory bail applications in court, and one of them is also seeking to have the FIR quashed. Among them is Rahul Kumar Chudasama, whose bail plea was recently rejected by the sessions court.
Following this, a police team was sent to his home city, Surat. Although police intelligence suggested he was present in the area, officers only recovered his Toyota Fortuner, which was seized as part of the investigation.
“Another accused, believed to be based in Tamil Nadu, is currently under the scanner. Though not named in the original FIR, investigations revealed that he had a role, hence interrogating him would help the case. A separate police team is in Chennai to trace and question him,” a senior official said. “The accused were booked under sections related to cheating, forgery, and criminal breach of trust of the Indian Penal Code. Further investigations are rigorously underway to apprehend the other accused,” officials said.
