Left Menu
Development News Edition

3 directors of surgical firm in Maha booked for cheating

PTI | Thane | Updated: 15-05-2019 10:41 IST | Created: 15-05-2019 10:41 IST
3 directors of surgical firm in Maha booked for cheating

3 directors of surgical firm in Maha booked for cheating Thane, May 15 (PTI)Three directors of a Mumbai-based firm manufacturing surgical instruments have been booked for allegedly cheating an insurance company and a bank in Thane district of Maharashtra, police said Wednesday. According to a complaint filed by the New India Assurance Company Limited, it made a payment on July 31 last year of Rs 34,11,205 through a private bank here to the Bombay Surgical Company for a fire-related claim filed by it, a police spokesperson said.

Later, the insurer, due to an oversight, again credited the same amount into the surgical company's account on August 7, 2018, she said quoting the complaint. However, the surgical company's officials, despite knowing about the double credit, allegedly did not return the amount to the insurer and thus, cheated the latter and the bank, the official said.

Based on the complaint, the surgical firm's three directors - Mustanshir Gandhi, Hussain Gandhi and Asghar Gandhi - were booked on Tuesday by the Dombivali police here under Indian Penal Code Sections 420 (cheating) and 406 (criminal breach of trust), the official said. No arrest was made so far, she said, adding that a probe was underway into the case..



Rethinking Rural Livelihoods in the Times of COVID-19

The reverse migration caused by COVID 19 pandemic has put an additional burden of about one crore people on Indian villages particularly in the states of Uttar Pradesh, Bihar, Bengal and Odisha. Besides increasing the risk of spreading the ...

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...


Latest News

Australia's most populous state files suit to stop Black Lives Matter protest

Australias most populous state has lodged a legal application to stop a Black Lives Matter protest occurring in Sydney, state Premier Gladys Berejiklian said on Friday.Thousands of people have pledged to attend a protest organised in Sydney...

Golf-European Tour

Colin Montgomerie has welcomed the return of golfs European Tour in July amid the COVID-19 pandemic but says he feels sorry for younger players due to the less lucrative schedule. Golfs calendar has been decimated by the novel coronavirus o...

WRAPUP 9-'Get your knee off our necks,' activist Sharpton tells George Floyd memorial

Prominent civil rights activist the Rev. Al Sharpton told mourners on Thursday George Floyds fatal encounter with police and the nationwide protests his death ignited marked a reckoning for America over race and justice, demanding, Get your...

GLOBAL MARKETS-Asia's stock rally pause ahead of U.S. jobs data, euro at 1-1/2 month top

Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-12 month high as Europes central bank surprised with more stimulus, fuelling hopes for a global rebound.The equities rally prompted i...

Give Feedback