Background and Timeline: The Economic Offences Wing II (EOW II) of the Gurgaon police achieved a major breakthrough on Sunday, January 25, 2026, with the arrest of a 37-year-old businessman. The case originated from a formal complaint registered on November 26, 2024, at the Kherki Daula police station involving a long-standing financial betrayal. The suspect had been on the run for over two years before being tracked to his new base in Maharashtra.
Modus Operandi: The accused lured two city-based businessmen into a fraudulent partnership in 2021 by promising a share in his Jammu-based plastic crate firm, Nascent Company. After receiving the investment, he denied the victims any role in the company’s operations or any share in the promised profits. In 2022, he abruptly shut down the manufacturing unit and sold all the machinery and goods without informing his partners before absconding to another state to start a new business.
Victims and Financial Impact: The two primary victims, Sandeep Kumar and Rajesh Kumar, suffered a combined financial loss of exactly ₹67.7 lakh, which they had invested as capital for the partnership. The loss represents a significant portion of their professional savings and capital intended for regional industrial growth. The accused was found to be operating a separate fruit supply firm in Palava City at the time of his arrest, potentially using the siphoned funds as seed capital.
Investigation and Agencies Involved: EOW II led the investigation, utilizing financial audits and technical surveillance to map the suspect’s movements after he vanished in 2022. Investigators tracked his digital footprint to Palava City, Maharashtra, where he was managing a new commercial entity. The Gurgaon police spokesperson stated that the interrogation is now focused on recovering the defrauded amount and identifying any other business associates who may have facilitated the equipment sale.
Arrests and Suspects: One suspect, identified as Mithun (37), a resident of Dashmesh Nagar in the Jammu district, was apprehended in Palava City and brought back to Gurgaon on transit remand. He was produced before a local court on Monday and was remanded to police custody for further questioning. Authorities are auditing his current business records to check for similar fraudulent patterns and to locate the liquidated assets of the Nascent Company.
Broader Implications and Trends: This case highlights a disturbing trend of “partnership baiting” where fraudsters weaponize legitimate industrial sectors like manufacturing to target established professionals. It underscores the need for investors to conduct thorough due diligence and verify the physical assets and legal status of any firm before committing capital. Gurgaon police have emphasized that corporate fraud remains a top priority alongside digital crimes to protect the city’s business ecosystem.