Mumbai: The Mumbai Police Economic Offences Wing (EOW) has arrested a Nagpur resident steel supplier for allegedly cheating Mumbai based trader of Rs 36.15 crore.
The accused Murtuza Yusuf Shakir, 43 had allegedly taken advance of Rs 36.15 crore to supply 6,329 metric tons of steel to Andheri based hard ware trader Siddharth Magiya in February 2024 but failed to deliver the shipment of steel and refused to return the advanced payments.
Magiya filed a complaint of cheating and misappropriation of funds with the EOW police against the partners of Zegros Hardware Trading - Murtuza and Shirin Shakir.
“Both were summoned to record statement and provide all the financial documents for investigation but did not respond to the summons and cooperate in the probe. Preliminary investigations revealed the advance of Rs 36.15 crore given by DI Steel Company were further transferred into the accounts of Raj Enterprises and siphoned into personal accounts,” revealed a senior EOW official adding the accused had tried to destroy evidence and threatened witnesses.
The EOW sleuths arrested Murtuza with the help of Nagpur police and transferred to Mumbai on transit remand on Tuesday and produced in the Esplanade magistrate court for further custody while partner Shirin Yusuf Shakir is absconding.
