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French Firm Duped in Mask Scheme: FIR Filed
20 Jan
Summary
- Mumbai couple accused of ₹7 crore fraud against a French company.
- Investment was induced for Covid-related supplies like masks and kits.
- Accused allegedly used forged MoUs to deceive the foreign investor.
An alleged international fraud case has emerged involving a Hong Kong-based French company accusing two Mumbai residents of cheating them out of over ₹6.8 crore. The complaint, filed by Dr. John Marie Andre, representative of CDI Hong Kong Company, details how the accused allegedly induced his company to invest in disposable face masks, hand sanitisers, and Covid testing kits.
Between 2020 and 2022, the accused reportedly presented purported government orders for these supplies. The complainant claims forged Memoranda of Understanding with non-existent companies were used to secure confidence. Consequently, USD 10,11,930 was transferred, with only a fraction reportedly returned, leaving a substantial amount outstanding. The investigation has been transferred to the Economic Offences Wing for further probe into cheating, breach of trust, and forgery.
