Absconding director of Saini Industries nabbed

Source: The Hitavada      Date: 07 Apr 2018 13:51:35


Staff Reporter,


Raipur Police has arrested an accused director of Siltara-located Saini Industries Limited Jagdish Saini who was absconding after committing offence of criminal conspiracy and cheating to the tune of Rs 20 crore. The accused has been arrested from Ambala, Haryana. In the same case, another accused director of the company Charanjeet Saini was earlier arrested in 2014.

Way back in 2011, the accused procured raw material from 23 different steel companies, but later the cheque given by them was related to closed account. In 2014, a case was registered in Dharsiwa police station under relevant provisions including Section 420 and 120B, which reads cheating and dishonestly inducing delivery of property and punishment of criminal conspiracy respectively. A cash award of Rs 20,000 was declared against the absconding accused and look out circular was also issued.