A 50-year-old transport company owner has registered a case of cheating after an executive of his firm, along with other accomplices, duped him of Rs 37 lakh. The Dahisar Police have named Gangasagar Pandey as the main accused in the case.
Victim Madan Salvadgi, who is a Mira Road resident told the cops that Pandey, who worked at his transport company on the basis of a commission, did not only get away with the remunerative cash but also set up fake companies and made fraudulent transactions to cheat him.
According to the police, Salvadgi, who owns Madan Logistics was approached by Pandey in 2018. Pandey claimed to have gone bankrupt and said he had a series of loans to pay off. Pandey, who also owed Rs 15 lakh to Salvadgi, asked to be hired as an agent on a commission basis and in return, he would offer his old contacts and businesses to the latter so that the duo had a fair deal. Salvadgi later set up a new company called Ganga Transport and Pandey used to send trucks and other vehicles as demanded by other companies for the purpose of transportation.
"Initially, we accepted a fixed advance from our clients before taking orders and after the delivery, full payment would be taken. For several months, Pandey was embezzling the final payment from our clients without our knowledge saying that he was collecting it on my orders. In total Pandey took Rs 22.15 lakhs from 68 companies and used that money for his personal use," said Salvadgi while speaking to DNA.
After the first company scam unfolded, Salvadgi scanned his firm's accounts and discovered that Pandey had set up several fake companies using which. As per police reports, Salvadgi was supplying vehicles to two transport companies named Multi Organic and RS Plastic through a supplier firm Riddhi Siddhi transport company after Pandey advised him to do so.
"When asked for his share, the complainant was given different excuses and after a while, Gangasagar left his job and fled with the money following which, the complainant discovered that Gangasagar and supposed owners of the other firms are cousins and had floated fake companies to dupe him," a police officer said.
"A case has been registered under sections 34, 406, 409, and 420 of the Indian Penal Code. A total amount of Rs 36,86,589 has been misappropriated by the accused. We are yet to establish the role of each of the accused mentioned in the complaint and after investigation, necessary action will be taken," the officer added.