Trader cheated of Rs 3 crore, culprit still on the run

The police have registered a case after a trader from Kalamboli steel market was cheated of Rs 3.12 crore by a resident of Santa Cruz. The accused went into hiding after the case was registered, and the police is now on a look out for him.

According to the police, Ahmad Khan, 40, purchased materials like steel plates and iron rods from Sanjay Saha, who owns a shop at the steel market. However, when Saha deposited the cheques given by Khan, they bounced due to insufficient balance in Khan's account.

Saha then tried to contact Khan over the phone, but Khan never took any of his calls. Even after repeated attempts when Saha could not contact Khan, he approached the police and registered a case against the him.

"Khan, who is also a businessman, took the materials from Saha bewteen July, 2013 and January 2014. They had a friendly relationship, hence Saha did not suspect Khan that he would dupe him. It was only after the cheques got bounced, did he understood what had happened," said BD Mohite, a senior police inspector from Kalamboli police station.

The police have registered a case against Khan under sections 420 and 506 of the Indian Penal Code. "We have sent our officials to various places in search of Khan, but have not found any clues about his whereabouts so far. It is still not clear if the accused is a habitual offender. We hope to catch the him in a short span of time. Out investigations are still on," said Mohite.