A textile company director in Thane, Maharashtra, has allegedly lost ₹20.58 crore after five people promised to arrange loans for factory expansion and secure government school uniform supply contracts.
According to police, the alleged fraud took place between 2020 and December 2025. Tushar Premchand Gosarani, director of Chur Textiles Ltd, approached Kongaon police with a complaint against Anubhav Mittal, Rajni Mittal, Rajesh Kumar, Afsar Ali and their associates.
The accused allegedly assured Gosarani that they could arrange financial assistance for expanding his factory and help secure contracts to supply uniforms to state government schools.
Police said the accused later allegedly misused signed blank cheques, company letterheads and security documents provided by the complainant. The alleged fraud involved ₹2.95 crore in cash and another ₹17.63 crore transferred through bank accounts.
Based on the complaint, Kongaon police have registered a case of cheating and criminal conspiracy. No arrests have been reported so far, and the investigation is underway.
