A 43-year-old woman and her aide were arrested last week by the economic offences wing (EOW) of Mumbai Police for allegedly cheating a Masjid-based iron dealer of Rs 6.06 crore in over a year
Mumbai crime: Con woman fleeces iron dealer of Rs 6 crore
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A 43-year-old woman and her aide were arrested last week by the economic offences wing (EOW) of Mumbai Police for allegedly cheating a Masjid-based iron dealer of R6.06 crore in over a year.
Archana Kumari S Singh, along with Anwar Ali Machhiwala (34) and Navazbhai, pretended to be influential businesspersons and wheedled large sums of money out of the victim from January 2015 till May this year. Singh met the dealer in 2008-09, and claimed to be a popular life insurance company’s agency and a trader for a city-based iron and steel firm. She worked on this ruse with frequent visits to the office and residence of the businessman, and talked shop with him each time.
An EOW officer said Singh showed the man at least four defunct mills and premises of companies where tonnes of high quality iron was available at cheap rates, in Gujarat, Chennai, Mangalore and Hyderabad. “She offered him a chance to source iron from these places. She claimed that she, too, had invested in such deals.”
Over months, the man kept pumping money into deals, but never got his promised consignments. When Singh and her aides repeatedly failed to deliver, he approached the police.
Singh and Machhiwala were held last week. Navazbhai is absconding.
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