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Mumbai EOW Arrests Duo In ₹23.75 Crore Bank Guarantee Fraud

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Mumbai: The Economic Offences Wing (EOW), Mumbai, has arrested duo in a case of cheating, forgery, and criminal conspiracy after Welspun DI Pipes Ltd alleged that it was cheated of Rs.23.75 crore through forged bank guarantees submitted by Tirth Gopicon Ltd and its directors. In connection with the case, EOW has taken custody of the prime accused, Maheshbhai Kumbhani, director of Tirth Gopicon Ltd, and his associate Gaurav Pradeep Dhakad from Indore through the CBI and formally arrested them.

Based on the complaint, an FIR was initially registered in 2025 at NM Joshi Marg Police Station under relevant sections of the Bharatiya Nyaya Sanhita, 2023, and later transferred to the EOW for detailed investigation.

According to EOW officials, the investigation has revealed that the accused, in criminal conspiracy, submitted forged bank guarantees of Rs.12.50 crore and Rs.20 crore, purportedly issued by Punjab National Bank (PNB), Jalandhar and Baguiohati (Kolkata) branches, to fraudulently obtain large consignments of ductile iron (DI) pipes on credit from Welspun DI Pipes Ltd. Despite knowing that the guarantees were fake, the accused allegedly used them to secure deliveries worth Rs.89.10 crore between March 4, 2023, and March 24, 2025. While payments of Rs.64.30 crore were made, an amount of Rs.23.75 crore remains unpaid, resulting in wrongful gain to the accused and corresponding financial loss to Welspun, police said.

Welspun DI Pipes Ltd, which is engaged in manufacturing and supplying ductile iron pipes, caters about 30 per cent of its production directly to government projects across various states, while the remaining 70 per cent is sold in the open market. As per company policy, market sales are carried out either against advance payments or secured instruments such as letters of credit or bank guarantees. Tirth Gopicon Ltd, a construction company involved in road, drainage, water supply, and infrastructure projects, with registered offices in Ahmedabad and Indore, had secured a Rs.974 crore contract from the Madhya Pradesh Jal Nigam in 2023, for which it required a large supply of DI pipes.

During negotiations, Tirth Gopicon placed a purchase order worth Rs.31.11 crore with Welspun on March 4, 2023, seeking 45 days’ credit and offering a Rs.12.50 crore bank guarantee. Accordingly, a bank guarantee purportedly issued by PNB, Rama Mandi branch, Jalandhar, dated June 13, 2023, along with a confirmation email from the official bank email ID, was submitted, following which Welspun began supplying materials. Subsequently, another bank guarantee worth Rs.20 crore, allegedly issued by PNB, Baguiohati branch, West Bengal, dated January 15, 2024, was also submitted, further facilitating large-scale deliveries on credit.

The fraud came to light in May 2025 after a local newspaper in Madhya Pradesh reported cases involving fake bank guarantees linked to Tirth Gopicon Ltd. Suspecting foul play, Welspun attempted to invoke both guarantees. However, PNB’s Kolkata branch, in an email dated May 7, 2025, and the Jalandhar branch, in a mail dated May 8, 2025, categorically denied issuing any such guarantees, confirming that the documents were forged. This established that the accused had cheated Welspun by submitting fake bank guarantees to dishonestly obtain goods on credit.

Further investigation revealed that Maheshbhai Kumbhani had earlier submitted forged bank guarantees worth Rs.184 crore to the Madhya Pradesh Jal Nigam while securing government contracts. Following directions of the Madhya Pradesh High Court, the CBI registered a case and, after investigation, filed a chargesheet before the Special CBI Court in Indore, concluding that Kumbhani, along with agent Gaurav Pradeep Dhakad and bank official Govindchandra Hansda, had conspired to prepare and use forged bank guarantees.

EOW officials said the ongoing probe is focused on identifying the full conspiracy, including the role of bank officials from PNB’s Baguiohati and Jalandhar branches, tracing how and where the forged guarantees were created, and establishing whether more individuals were involved. Police have sought extended custodial remand of the accused to conduct a thorough interrogation, citing the serious nature of the offence, the large financial loss involved, and the need to uncover the wider network behind the sophisticated financial fraud.

Crime

EOW Files C Summary Report In Esplanade Court In ₹122.85 Crore Solar Krishi Urja Vahini 2.0 Tender Fraud Case

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Mumbai: The Economic Offences Wing Mumbai has filed a C Summary report before the Esplanade Court in one of the FIR registered in connection with the alleged ₹122.85 crore fraud related to the Solar Krishi Urja Vahini 2.0 tender process. The EOW had earlier registered four separate cases against several companies and their directors for allegedly cheating the Maharashtra government by submitting forged bank guarantees to secure contracts under the scheme.

The case had initially been registered at Nirmal Nagar Police Station following allegations that officials and private companies colluded to commit large-scale corruption in the tender process. The investigation was later transferred to the Economic Offences Wing.

According to officials, the alleged scam involving nearly ₹125 crore came to light in this year, after it was discovered that forged bank guarantees and fabricated documents were allegedly used to obtain government contracts under the Solar Krishi Urja Vahini 2.0 scheme. Four separate FIRs were subsequently registered at Nirmal Nagar Police Station in February.

One of the FIRs was registered against Onix Renewable Limited, Onix IPP Pvt Ltd, Divyesh M. Savaliya, Richee Bansal, Kashyap Patel, and Rahul Panhale. However, the EOW has now submitted a C Summary report before the Esplanade Court in connection with this particular case.

Investigators have alleged that Rahul Panhale, Assistant General Manager in the Renewable Energy Department of Maharashtra State Electricity Distribution Company Limited (MSEDCL), knowingly accepted forged bank guarantees and other fake documents as genuine and helped the accused companies secure government contracts. Officials further alleged that Panhale, along with other accused persons, caused a loss of nearly ₹125 crore to the state government through similar fraudulent practices involving multiple companies.

Police sources said that during the probe into an earlier ₹100 crore corruption case transferred to the EOW in January, investigators uncovered evidence suggesting that Panhale had allegedly extended similar assistance to several other companies, resulting in further financial losses to the government.

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Crime

Mumbai’s BMC Yet To Suspend Officer Accused Of Sexual Harassment Despite FIR & POSH Probe

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Mumbai: Six days after an FIR was registered against a 55-year-old administrative officer posted at the Municipal Commissioner’s office for alleged sexual harassment of a 30- year-old female employee, the BMC is yet to suspend the accused officer.

The accused, identified as Irfan Pathan, was transferred from the Municipal Commissioner’s office to the environment department immediately after the complaint surfaced. However, civic officials said stricter action, including suspension, can only be taken after the report of the POSH committee.

The Azad Maidan police said that since the offence registered against Pathan carries punishment of less than seven years, he was served a notice and released.

“Since the offence carries punishment of less than seven years, a notice was served to the accused and he was released. He could be arrested later if directed by the court,” said an officer from Azad Maidan police station.

Meanwhile, the BMC’s POSH committee – technically known as the Internal Committee under the Sexual Harassment of Women at Workplace Act, 2013 – has started its inquiry into the matter and has begun questioning eyewitnesses. Officials said the victim did not directly approach the BMC’s POSH committee and had instead lodged an FIR with the police.

“We started the inquiry after the Savitribai Phule Women’s Resource Centre’s Internal Complaints Committee referred the matter to us. The police should have arrested Pathan by now as it is a sexual harassment case. In terms of suspension, it is the administration’s decision,” a committee official said.

A senior civic official said Pathan remains “absconding” as per the administration’s information. Another civic official, speaking on condition of anonymity, claimed there were discussions within the BMC headquarters that Pathan had been admitted to Nair Hospital allegedly to evade arrest.

According to the FIR registered on May 5, the complainant, who joined BMC service on compassionate grounds a few months ago, accused Pathan of harassment, inappropriate behaviour, workplace misconduct and stalking outside the office. She also alleged that he sent her letters and unwanted messages and issued memos against her without valid reason.

Officials at the BMC headquarters claimed that several employees had earlier faced difficulties because of Pathan’s behaviour and said immediate action was necessary to prevent harassment of more employees, especially women.

BJP MLC Chitra Wagh, who raised the matter with Municipal Commissioner Ashwini Bhide and Mayor Ritu Tawde, said the accused should not only be arrested and suspended but also dismissed from service.

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Crime

Kalyan Crime: Security Guard Assaulted With Iron Rod After Asking Driver To Clear Gate For Ambulance At Rukminibai Hospital

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Kalyan: In a shocking incident that has triggered outrage in Kalyan, a security guard deployed at the civic-run Rukminibai Hospital was allegedly brutally assaulted with an iron rod after he asked a car driver to remove his vehicle from the hospital entrance and clear the way for ambulances and emergency vehicles.

The incident, which was captured on CCTV cameras installed at the hospital premises, took place at the busy entrance gate of the hospital where patients and ambulances frequently move in and out throughout the day.

The video of the assault has now gone viral on social media, drawing sharp criticism from citizens over rising aggression against frontline workers.

According to information received, Maharashtra Security Force (MSF) security guard Kishor Lote was on duty at Rukminibai Hospital when a four-wheeler arrived carrying a patient.

After dropping the patient, the driver allegedly parked the vehicle directly in front of the hospital’s main gate instead of moving it to the designated parking area.

The improperly parked car reportedly caused obstruction for ambulances and other emergency vehicles attempting to enter and exit the hospital premises.

Observing the traffic disruption, security guard Kishor Lote approached the driver and requested him to move the vehicle aside to ensure smooth passage for emergency services.

However, the driver allegedly became aggressive and entered into a heated argument with the security guard.

Witnesses said the accused not only refused to move the vehicle but also arrogantly instructed the guard to park the car himself.

When Lote attempted to explain the seriousness of blocking the hospital gate, the enraged driver allegedly stepped out of the vehicle and began physically assaulting him with punches and kicks.

The situation escalated further when the accused reportedly pulled out an iron rod from the vehicle and attacked the security guard.

Sources said another person accompanying the accused attempted to restrain him, but the attacker continued the assault in full public view.

In the scuffle, the uniform of the MSF security guard was also torn.

The violent episode created panic within the hospital premises, with patients, visitors and staff members gathering at the spot.

Hospital employees expressed anger over the assault on a staff member performing his duty to maintain emergency access for ambulances.

The entire incident was captured on CCTV footage, which is now being examined by police officials.

The footage reportedly clearly shows the accused assaulting the security guard near the hospital entrance.

Following the incident, the Mahatma Phule Police registered a criminal case against the unidentified car driver and launched a search operation to trace and arrest him.

Police officials said the vehicle number has been identified through CCTV footage and efforts are underway to nab the accused at the earliest.

The incident has sparked demands for strict action against individuals obstructing emergency medical services and attacking on-duty hospital staff.

Citizens and hospital workers have urged authorities to ensure stronger security arrangements and stricter enforcement around hospital emergency zones to prevent such incidents in future.

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