Fake Rice-Wheat Supply Deal: Three Nagpur Brothers Booked for ₹2.26 Crore Fraud

₹2.26 Crore Food Grain Supply Fraud Registered

A ₹2.26 crore fraud case has been registered against three brothers from Nagpur for allegedly cheating a city-based firm under the pretext of supplying rice and wheat.

The FIR was lodged at Kotwali police station following a court order.

How the Alleged Fraud Unfolded

According to the complaint filed by Ritesh Srivastava, an employee of Ikavo Hospitality Private Limited and Metal Alliance, Bahadurganj:

• The accused contacted the firm in March 2025.

• They claimed to supply rice and wheat through their company, Surbhi Dhanya Bhandar.

• An order was placed based on their proposal.

The accused named in the FIR are:

• Durgesh Shrichandra Gupta

• Rajesh Shrichandra Gupta

• Mahesh Shrichandra Gupta

Payments Diverted to Multiple Accounts

The complainant alleged that:

• The accused cited non-updation of KYC in the firm’s bank account.

• They requested payments be transferred to different personal and linked accounts.

• A total of ₹2.26 crore was transferred in instalments.

Despite receiving the funds, no supply of rice or wheat was made even after two months.

When delivery was demanded, the accused allegedly:

• Abused the complainant

• Issued death threats

• Stopped responding to calls

GST Registration Already Cancelled

Subsequent verification revealed that the GST registration of M/s Surbhi Dhanya Bhandar had already been cancelled.

Investigators further found that:

• A portion of the funds was used to repay a loan from Union Bank of India.

• The remaining amount was allegedly distributed among the three accused.

This raised strong suspicion of a pre-planned economic fraud rather than a failed business transaction.

Investigation Expands

Police officials confirmed that:

• A named FIR has been registered.

• Bank transaction details are under scrutiny.

• GST records and call data are being examined.

• Financial forensics will trace fund movement across accounts.

Authorities are also investigating whether other traders were targeted using the same modus operandi.

Raids may be conducted to arrest the accused and collect further evidence.

Warning for Businesses

The case highlights the risks involved in bulk commodity deals without thorough due diligence.

Proper verification of GST registration status, KYC records, and contractual documentation - practices commonly reinforced through auditing services in india - can significantly reduce exposure to structured financial fraud.

A Pattern of Structured Economic Crime

Given the alleged diversion of funds, use of multiple bank accounts, and the cancelled GST status of the firm, investigators are treating the matter as a planned economic offence.

Police have not ruled out the possibility of additional victims as the investigation progresses.