Three transporters dupe finance company of Rs 3 crore

Rajkot: Three transporters from Jamnagar were booked on Tuesday for cheating a finance company of Rs 3.2 crore.
According to police, the accused Kishore Gadhvi, Mohit Gadhvi and Ashok Gadhvi, who jointly own Shri Ram Transport Company, had refinanced their 13 trucks with Hinduja Leyland Finance Company for Rs 3.2 crore. After paying their first instalment, the trio stopped repayment. Even when company’s officials went asking for their repayment or to seize the vehicles, the trio threatened them. On Monday, when the finance company’s officials went to the transport company’s office on Rajkot-Jamnagar highway for seizing the trucks, an attempt was made to attack them. The finance company’s officials then complained to the superintendent of police about it following which a case of cheating and criminal intimidation among other charges was registered against the three owners. TNN