A prominent trader from Navi Mumbai has become the victim of a massive export scam, losing a staggering Rs 2.75 crore in a fraudulent iPhone export deal. Police have registered a case against four individuals, three of whom hail from Rajasthan, for allegedly cheating the businessman through their company.
The Elaborate Export Scam
According to the First Information Report (FIR) filed with the police, the trader had paid the substantial amount to the accused to export 600 iPhones on his behalf. The transaction was conducted through the company owned by the accused persons, who promised to handle the entire export process.
The deal, which initially appeared legitimate, turned out to be an elaborate scheme to defraud the Navi Mumbai-based businessman. The accused allegedly took the payment but failed to deliver on their export commitments, leaving the trader facing massive financial losses.
Police Investigation and Legal Action
Law enforcement authorities have taken swift action following the complaint. Four individuals have been officially booked in connection with the case, with three of the accused identified as residents of Rajasthan.
The police are currently investigating the operations of the company used in the alleged scam. Authorities are examining financial transactions and company records to build a strong case against the accused persons.
Growing Concerns in Export Business
This incident highlights the vulnerabilities that traders and businessmen face in export transactions, particularly when dealing with unfamiliar partners. The case serves as a cautionary tale for businesses engaging in high-value export deals.
Industry experts emphasize the importance of thorough due diligence and verification when entering into significant business agreements, especially with new business partners or companies without established track records.
The police have assured that the investigation is progressing and they are pursuing all leads to recover the lost funds and bring the perpetrators to justice.
