Mumbai News

Mumbai: Chemical firm director held for Rs 14 crore fraud – Times of India

MUMBAI: The director of a chemical company has been arrested for allegedly buying chemicals on credit and defaulting on payment.
Rushab Mehta (32) of Rushab Rasayan was arrested by the General cheating cell of the Economic Offences Wing of Mumbai police. The police are also looking for his brother Vaibhav Mehta of Harmani Fine Chem. The two had bought chemicals worth Rs 19.67 crore from 109 traders but failed to pay them. Rushab’s company had bought chemicals worth Rs 13.50 crore.
A complaint was filed at Mulund police station by Rahul Lohiya of Chemical and Alkali Merchant Association on behalf of the traders who were duped.