Orbit Company - Latest News Update, Information, Photos & Videos on Orbit Company at Lokmat Times

Aurangabad, Feb 24: A Mumbai-based couple was duped of Rs 6.78 crores on the lure of partnership in the company. Waluj MIDC police have booked the executive director of the Orbit Company in Waluj industrial area and others in this regard.Devaram Chaudhary (Girgaon, Mumbai) has Sonalika Metal Corporation metal manufacturing company at Mumbai. In 2017, the executive director of Orbit Electromate India, Anil Roy had given the steel order to Chaudhary. Then, Chaudhary between the period of July 2017 and March 2018, sent steel amounting Rs 60 lakhs to Roy. Meanwhile, Chaudhary persuaded for his money to Roy, but Roy told him to purchase shares in his Orbit Company and he will make him partner. Chaudhary and his wife Rutudevi then purchased 2.25 shares of the company amounting Rs 35 lakhs.On March 1, 2019, when Chaudhary checked MCA online site, his name was not seen as the director of the company and even his shares worth Rs 1.25 lakh were not seen. When realized that he has been cheated, he sent a legal notice to Roy.Then, Roy contacted him in July, 2019 and told him that he will make an affidavit and will make him director of the company again. He will return all his dues, Roy assured to Chaudhary. Chaudhary and his wife were made the directors again and Roy purchased steel amounting Rs 32 lakh from them. On August 9, 2019, Roy with forged signatures sacked both of them as directors.Roy removed Chaudhary and his wife from the posts of directors and even transferred their shares amounting Rs 35 lakhs in his own name. He also not paid Rs 6.43 crores of the steel purchased from Chaudhary. Hence, he duped Chaudhary of Rs 6.78 crores. A case in this regard has been registered against Anil Roy, director Sangeeta Roy, manager Sunil Roy and others. PI, Madhukar Sawant told that the case has been transferred to the economic offence wing.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Orbit CompanyFOLLOW

Orbit company, Latest News

Aurangabad :Mumbai couple duped of Rs 7 crores on lure of partnership

Aurangabad, Feb 24: A Mumbai-based couple was duped of Rs 6.78 crores on the lure of partnership in the ... ...