Man wanted for cheating traders of Rs 6.5 crore arrested

Police received a tip about Dey coming to meet an associate on September 27 in Delhi.

By: Express News Service | New Delhi | Updated: October 5, 2014 2:12 am

Delhi Police arrested a businessman hailing from Jharkhand for allegedly cheating over a hundred traders in Andhra Pradesh to the tune of Rs 6.5 crore. The businessman was reportedly absconding since January 2013, police said.

Police said the businessman, Dolan Kumar Dey, owns Rahul Traders, registered in Dhanabd, Jharkhand. He used to procure fish from several fisheries. Every day, fisheries would send him fish worth Rs 40 lakh from East and West Godavari. In order to earn the goodwill of the suppliers, he made regular payments at first. However, in December 2012, he stopped paying the suppliers. He kept promising payment and persuaded suppliers to keep sending him the fish. When the outstanding payment accumulated to around Rs 6.5 crore, Dey absconded. Four criminal cases were registered against him, Additional Commissioner of Police Ashok Chand said.

Police received a tip about Dey coming to meet an associate on September 27 in Delhi. A trap was laid and he was caught. “Dey was taken to Andhra Pradesh on transit remand and will be produced in court,” Chand said.

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