Beverage Company Faces Rs 10.39 Crore Fraud Probe

A case of significant financial fraud, amounting to Rs 10.39 crore, has been registered in Maharashtra's Thane district. Four individuals are accused of orchestrating the deceit against a local company.

According to the FIR, the affected company had placed orders with a beverage manufacturer who reportedly failed to supply the required goods and replace expired products, leading to huge losses. This scheme reportedly went unnoticed for four years, from January 2019 to December 2022.

The Thane police have taken action under sections 120(b) and 420 of the Indian Penal Code. The case targets the accused company's director, its sales head, and the proprietor of a logistics firm. Although no arrests have been made, an investigation by the economic offences branch is actively in progress.