Surat: Owners of 52 textile weaving units have been defrauded of Rs 20 crore after a textile trader disappeared without making payments.
In the complaint submitted to the city police commissioner, the weavers alleged that the trader operating from Raghukul Market on the Ring Road purchased cloth from them in the past few months. The trader disappeared without making payment to the weavers.
The complaint names seven people including the partners of the trading firm and their agents. The accused initially developed good terms with the weavers through agents.
“The agents assured the weavers that reputed people run the trading firm and they have a well-established business. The weavers trusted the agents and started giving cloth on credit,” said one of the weavers.
Initially, the trader made payment for some orders. He made major purchases and did not make payments within the stipulated credit period despite several reminders.
The Federation of Gujarat Weavers’ Welfare Association (FOGWWA) held a meeting with weavers on Wednesday after which the complaint was lodged, said the association’s president Ashok Jirawala.
“After listening to our concerns, the in-charge police commissioner assured us of our actions. The investigation is likely to be handed over to the Economic Offence Cell since the fraud is in crores,” added Jirawala.
In the complaint submitted to the city police commissioner, the weavers alleged that the trader operating from Raghukul Market on the Ring Road purchased cloth from them in the past few months. The trader disappeared without making payment to the weavers.
The complaint names seven people including the partners of the trading firm and their agents. The accused initially developed good terms with the weavers through agents.
“The agents assured the weavers that reputed people run the trading firm and they have a well-established business. The weavers trusted the agents and started giving cloth on credit,” said one of the weavers.
Initially, the trader made payment for some orders. He made major purchases and did not make payments within the stipulated credit period despite several reminders.
The Federation of Gujarat Weavers’ Welfare Association (FOGWWA) held a meeting with weavers on Wednesday after which the complaint was lodged, said the association’s president Ashok Jirawala.
“After listening to our concerns, the in-charge police commissioner assured us of our actions. The investigation is likely to be handed over to the Economic Offence Cell since the fraud is in crores,” added Jirawala.
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