Man who duped steel traders of Rs 4 crore arrested

MUMBAI: A Vikhroli resident has been arrested for allegedly duping 23 steel traders of Rs 4 crore. The accused, Rajesh Bajaj alias Sainath Venkatesh Ganji (24), and his accomplices purchased steel on credit with the intention of cheating and sold it at a throwaway price and then closed their office and went underground, said a police officer.
The police are looking for his two accomplices, Gaurav Shah and Anil Singh alias Azizul Hassan.Ganji is the second to arrested in this case after Kailash Shingadia who is in jail.
The complainant, Alok Virat Shah, chairman of Bombay Aryan Merchant Association, said the accused opened a firm, RSR Heavy Engineering, bought steel but did not pay their creditors. The accused have been booked for cheating.