Indore: Man Held In ₹1.69 Crore Fraud On Garment Traders; Accused Arrested From Mumbai

Indore (Madhya Pradesh): A man accused of defrauding Indore-based readymade garment traders of ₹1.69 crore was arrested by the crime branch from Mumbai, officials said on Thursday.

The arrest follows a complaint by Mukesh Jain, proprietor of Goodbye Firm, along with several other garment traders, who alleged that the accused—Ashok Narayan Goplani and his associate Kirit, alias Kartik—cheated them by posing as business brokers.

According to the complaint, during July–August 2024, the two approached traders claiming to represent a firm named Shri Indreshwar Textile Agency, operating out of Krishna Complex in the city. They promised to link traders with buyers from other cities who would place large orders and pay within 30 to 45 days.

The accused brought these supposed buyers to traders' offices and vouched for their credibility. Convinced by their assurance, complainants supplied readymade garments worth ₹1.69 crore to clients across Mumbai, Hyderabad, Bangalore, Telangana and Rajasthan.

However, no payments were received. When the traders tried to follow up, the accused stopped answering calls. A visit to the firm's listed address revealed it had been vacated.

A case was registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS). Based on technical surveillance, police arrested Kirit Jadeja alias Kartik, a native of Kachchh district in Gujarat, currently residing in Thane, Maharashtra. Kirit is now being interrogated to identify other accomplices.