Ahmedabad fabric company duped of Rs 71 lakh by two textile traders

Ahmedabad: Two textile traders have been accused of duping a fabric company from Ahmedabad of over Rs 71 lakh. The Economic Offence Wing (EOW) of the city crime branch registered a complaint of cheating and breach of trust against the two on Thursday.According to the complaint filed by an accounts assistant of a private textile firm in Satellite, the accused had purchased large quantities of cloth between Nov 2020 and March 2021 through two firms based in Surat and Rajasthan. Police said the buyers initially made partial payments to gain the company's trust before allegedly defaulting on the remaining amount.The complainant alleged that despite repeated follow-ups, the outstanding dues of Rs 71.33 lakh were never cleared. EOW officials have launched an investigation into the financial fraud.The case sheds light on a common "trust-building" tactic in the textile industry, where small initial transactions are honored to pave the way for massive, credit-based orders that are eventually left unpaid.