Guwahati, Nov 9 (PTI) Police have busted an interstate financial fraud network that defrauded a company in Assam of more than Rs 11.5 crore by posing as suppliers of goods to the Army and arrested one person from West Bengal, officers said on Monday.
A team from Panbazar Police Station in Guwahati, led by Officer-in-Charge Sankar Jyoti Nath, cracked the case involving forged Indian Army supply orders, impersonation of Army officers and fabricated financial documents.
Through meticulous investigation, analysis of financial transactions, digital evidence and sustained intelligence gathering, the police uncovered the alleged conspiracy and established the role of one person, Harsh Agarwal (30), who allegedly masterminded the deception, officers said.
The accused allegedly introduced his brother, Ayush Agarwal, to the complainant as a distant relative involved in Army supply contracts, police said.
The police team launched an inter-state operation, tracked down Harsh Agarwal to Siliguri in West Bengal, and arrested him.
The accused allegedly exploited an existing business relationship to gain the confidence of Global Traders of Guwahati, facilitating fraudulent transactions amounting to Rs 11,50,56,180, it added.
So far, more than Rs 2 crore has been frozen in different accounts, it said.
The case was registered at Panbazar Police Station under various provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act, police said.
Further investigation is underway to trace the defrauded money, identify other beneficiaries and apprehend the remaining accused persons, it added. PTI TR TR NN
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