A steel trader has filed a police complaint after being cheated of nearly Rs 3 crore by a hardware trader. The case has been registered at Lakadganj Police Station. Sunil Muralidhar Tulsyan (67), is a resident of Empress City, D-Wing, Ganeshpeth, runs a steel trading business under the name Yogesh Enterprises Ltd, located in the Small Factory Area of Bagadganj. His company used to supply steel coils to Mary Zygros Hardware Trading Company.

 

According to police, at the beginning of their business relationship, Mary Zygros Hardware Trading Company used to pay Tulsyan’s company in advance. Based on that trust, steel materials were regularly supplied. However, between December 10, 2023, and May 8, 2024, the owner of Mary Zygros Hardware, Murtuja Yusuf Shakir (41), a resident of Fatmi Manzil near T B Hospital in Tehsil, bought steel goods worth Rs 2,97,74,740 from Tulsyan’s firm. Instead of paying the amount in cash or through bank transfer, Murtuja gave a cheque. When Tulsyan deposited the cheque, it bounced. When Murtuja was contacted for payment, he kept delaying and asked the complainant to try depositing the cheque again in a few days. However, every time Tulsyan followed up, Murtuja avoided payment and finally refused to return the money. Realising the fraud, Tulsyan approached Lakadganj Police and filed a complaint. After reviewing the documents and statements, the police registered a case under Indian Penal Code Sections 406 (criminal breach of trust) and 420 (cheating) against Murtuja Yusuf Shakir.