New Delhi (India): Delhi police arrested the owner of the famous 'Jagat' Basmati rice brand, Santlal Aggrawal, on charges of cheating and fraud.
Gaurav Sharma, Deputy Commissioner of Police, Outer-North district, said that Aggrawal was arrested on Monday in a case of cheating that was registered against him at the Narela police station on August 8.
Vikas Gupta, a Narela Mandi trader registered the case alleging that Aggrawal cheated him of Rs 1.9 crore.
Gupta said that Aggrawal had taken rice worth Rs 1.90 crore from him long ago. He later gave him a cheque of Rs 40 lakh, but the cheque bounced.
According to the police complaint, "Instead of returning the money to the complainant, Aggrawal declared his company bankrupt."
Sharma said the police is investigating a number of cases registered against Aggrawal for cheating and fraud.
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