Mumbai News: Export Firm Assistant Manager Booked For ₹69.8 Lakh Fraud Using Fake Agents, Forged Documents

Kalachowki police have booked a 39-year-old man, an assistant manager at a Cotton Green-based export firm, Patodia Overseas Exports LLP, for allegedly embezzling Rs69.83 lakh using fake documents and fictitious agents. The company, involved in yarn and thread exports, had employed Rathod since 2022. Based in Kandivali East, he was responsible for handling deals and generating commission income.

Rathod proposed doing business with his acquaintance named Pravin Savarkar, who had allegedly earlier worked in a Vietnamese textile firm and had strong international connections. Claiming the firm could earn high returns, he sought a 0.5% commission in advance for facilitating large orders.

Based on his claims, the company transferred money to Savarkar and three others: Lalsaheb Yadav, Dhananjay Singh, and Roli Yadav. Between October 2022 and March 2023, Rs69.83 lakh was paid into these accounts. However, no orders were delivered.

Suspicions grew after Rathod resigned in June 2023 and cut off contact with everyone there. The company launched an internal probe, and it was revealed that the documents he had submitted, including bills of lading and shipment details, were forged. The funds transferred to the agents were eventually routed back to Rathod’s account.

Following this, accounts assistant Gaurav Solanki filed a police complaint. Rathod, originally from Jalna and residing at Thakur Village, fled his residence before the case was registered. He has been booked under Indian Penal Code Sections 408 (criminal breach of trust by servant) and 420 (cheating), among others.