Electronic engineer arrested for fraud

“We have apprehended one of the most notorious cheats in the country. He is involved in frauds running into crores of rupees in Mumbai,Pune,Bangalore and Delhi and amassed around Rs 50-60 lakh. Mohan has jumped bail in many cases in the city,and there were non bailable warrants pending against him,” said Joint Commissioner of Police (Crime) Rakesh Maria.

According to the police,Mohan has offences registered against him at Oshiwara and MIDC police stations,as well as at the Crime Branch and Economic Offences Wing (EOW).

“Mohan used to operate in various ways. He would float bogus companies and would enter into business deals with businessmen. His modus operandi was to gain a company’s confidence by procuring commodities for several months from the company and make regular payments for them. After building up trust,he would make a huge procurement and disappear after paying a fraction of the price,” said Maria.

“Another method he used was to approach advertisement agencies and promise to set up advertisement assignments for them. He would take money from various companies for the advertisement contracts and disappear with it,” said Maria.

Gold Digger Commerce Pvt. Ltd.,Polson,Calcom Systems Ltd,and Barter Pvt. Ltd. are some of the bogus companies that Mohan floated with his wife. He has been arrested on a complaint filed in 2008 by a steel merchant identified as Jigesh Mehta.

Mohan was arrested by the EOW in January 2007 for his involvement in a fraud spanning several states over nearly three years in which 25 news publications were cheated of advertising revenue amounting to over Rs 6 crore. He had jumped bail in the case,and had even eluded an EOW team which had gone to arrest him from a south Delhi bungalow rented by him.