Mumbai man held in Rs 5 cr cheating case

Rajkot: A 54-year-old man from Mumbai was arrested by the local crime branch of the Amreli police in connection with Rs 5 crore cheating case filed against him by Pipavav-based ship building firm Reliance Naval and Engineering Limited (RNAVAL).
LCB team arrested the accused Raju Manohar Naik from his Tilak Nagar residence in Mumbai on Sunday.
According to Amreli police, a criminal complaint was lodged at Pipavav Marine police station against Naik by the general manager of RNAVAL Manoj Upadhyay on April 4, 2018. The complaint was filed as Naik had failed to fulfill the contract agreement with RNAVAL in connection with repair work of INS Savitri.
Naik also did not return Rs 5 crore worth of materials which the company had provided his firm for repairing purposes.
Police said that Naik was booked under section 406 (criminal breach of trust) and 420 (cheating and dishonestly inducing delivery of property). Naik had been evading arrest after a local court in Rajula taluka of Amreli had rejected his anticipatory bail and issued his arrest warrant.
In 2017, the Anil Ambani promoted RNAVAL won the contract for repairing INS Savitri and had given sub-contract to Naik’s firm along with materials worth Rs 5 crore. But Naik did not fulfill his commitment nor did he return the material given to him.
Police sources said Naik is also wanted in another Rs 63.73 lakh cheating case registered against him in Mumbai.