Continue Reading on TOI App
Open
OPEN APP

Sugar mill ‘owner’ cuts a bitter deal, cheats 11 of 20cr

Ghaziabad: A 40-year-old man was arrested for posing as the owner of a closed sugar factory in Basti and cheating at least 11 scrap dealers of nearly Rs 20 crore on the pretext of selling them the mill’s machinery.
Qumarruddin of Lucknow was caught after a scrap dealer from Hindon Vihar submitted a complaint at Nandgram police station on Aug 14 against the director of Phenil Sugars Ltd for taking Rs 1.5 crore from him as an advance payment for the purchase of mill machinery worth Rs 3 crore. The complainant, Naushad, said the company’s director had shared documents for the company and the mill while striking the deal but did not give him the equipment even after the first tranche of money was paid via RTGS transactions and cash.
Naushad said Qumarruddin refunded Rs 49.5 lakh after a few meetings but refused to return the rest. Instead, Qumarruddin abused and threatened Naushad.
“Qumarruddin was traced through surveillance and local inputs and arrested on Saturday. We have found that the accused has duped several scrap dealers in UP and other states of more than Rs 20 crore using a similar modus operandi,” DCP (City) Rajesh Kumar said.
Police said Qumarruddin is an MBA and owns an office in Hazratganj under a company named G Multi-Trading and Services. He worked in share trading and lost some business during Covid. During the investigation, cops found that Qumarruddin and his wife would pose as directors of Phenil Sugars and approach scrap dealers in Meerut, Basti, Ghaziabad and even Rajasthan. “The couple would say that they had shut the Basti mill and needed money to pay sugarcane farmers, who had supplied them with crops. So far, 11 cases have been registered against Qumarruddin across UP,” the DCP said.
We also published the following articles recently

From director to dealer: Erik Fleming's shocking link to Matthew Perry's overdose and tragic demise revealed

The tragic case of Matthew Perry's death took a surprising turn with Erik Fleming's arrest. Once a promising filmmaker, Fleming was implicated as part of a criminal network that supplied Perry with ketamine. This ultimately led to Perry's overdose. The investigation revealed Perry sought unauthorized treatments after his doctors refused further ketamine infusions.

Kolkata hospital horror: Audio surfaces, adds grist to others involved mill

An audio recording circulating on social media has sparked new questions about the brutal rape and murder of a PGT doctor at R G Kar Hospital. While police arrested civic volunteer Sanjay Roy, the recorded conversation suggests multiple attackers and political influence may be involved. Forensic experts acknowledged the possibility of multiple perpetrators despite police statements to the contrary.

What Vodafone-Idea CEO said on the government selling its stake in the company

Vodafone Idea CEO Akshaya Moondra denied rumors about the government selling its stake in the company, stating no official communication had been received. He emphasized that while the government can decide on its investments, this is separate from its support for the telecom sector. The company reported narrowed losses for the June quarter due to increased 4G subscribers.

Start a Conversation

Post comment
Continue Reading
Follow Us On Social Media
end of article
More Trending Stories
Visual Stories
More Visual Stories
UP NEXT
Do Not Sell Or Share My Personal Information