Chennai, September 27, 2025 — A high-value cargo fraud worth nearly ₹15 crore has surfaced at a Container Freight Station (CFS) in Vallur near Kattupalli Port, after the Chief Executive Officer of a Hong Kong-based export-import firm accused freight operators, importers, and shipping representatives of colluding to unlawfully release his company’s goods.
The Complaint by Cosmoss Vu Limited
B. Subramanyan, 62, CEO of Hong Kong-based Cosmoss Vu Limited, lodged a formal complaint with the Avadi City Police. He alleged that his company shipped 90 containers of PVC resin from Tianjin Xingang and Qingdao ports in China to Kattupalli Port in Chennai. The consignments, imported by Rishabh Triexim LLP and Kanchan Polymers, were transferred to the CFS operated by SICAL Multimodal and Rail Transport Limited.
As per global trade norms, the carriers had issued bills of lading in favour of the shipper, documents that serve as legal proof of ownership and are mandatory for importers to secure release of goods. Subramanyan maintained that since the importers had failed to make payment, the original bills of lading remained in his company’s possession.
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Allegations of Illegal Release
Despite the absence of original bills of lading or valid delivery orders, the complainant alleged that SICAL CFS unlawfully released the goods to the importers. “The accused acted dishonestly, diverting goods valued at approximately ₹15 crore and causing a wrongful loss to my company while enriching themselves,” Subramanyan said in his statement.
Alleged Conspiracy Involving 21 Individuals
Following internal inquiries, the CEO claimed he uncovered a larger conspiracy involving 21 people, including representatives of the importing firms, shipping companies, and officials at the freight station. According to him, these individuals acted with a common intention to release and divert the consignments without legal entitlement, sharing the unlawful proceeds among themselves.
Police Action and Ongoing Investigation
Based on the complaint, the Avadi City Police registered a case of cheating and criminal breach of trust. Officials confirmed that the matter has been taken up for detailed investigation to determine the role of each accused, verify the documents, and trace the diverted consignments.
Legal experts note that the case could have broader implications for trade security and operational oversight at Indian ports. The incident raises concerns over the enforcement of documentation protocols at freight stations, where lapses could lead to massive financial losses for exporters.
