A case of ₹2.26 crore fraud has been registered against three brothers from Nagpur for allegedly duping a city-based firm on the pretext of supplying rice and wheat. The accused are said to have taken payments into multiple bank accounts, used the money to clear a bank loan and distributed the remaining amount among themselves without delivering any goods. The FIR was lodged at Kotwali police station following a court order.
According to the complaint filed by Ritesh Srivastava, an employee of Ikavo Hospitality Private Limited and Metal Alliance, Bahadurganj, the accused — Durgesh Shrichandra Gupta, Rajesh Shrichandra Gupta and Mahesh Shrichandra Gupta — contacted the firm in March 2025 claiming they would supply food grains through their company, Surbhi Dhanya Bhandar. An order for rice and wheat was placed based on their proposal.
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The complainant alleged that the trio cited non-updation of KYC in the firm’s bank account and asked for payments to be transferred to different personal and linked accounts. A total of ₹2.26 crore was transferred in instalments, but even after two months no supply was made.
When the firm demanded delivery of goods, the accused allegedly abused the complainant, issued death threats and stopped responding to calls. Subsequent verification revealed that the GST registration of M/s Surbhi Dhanya Bhandar had already been cancelled, raising doubts about the firm’s legitimacy.
The complaint further states that the accused used the received funds to repay a loan taken from Union Bank of India and divided the remaining amount among themselves.
Police officials said a named FIR has been registered and investigation is underway. Bank transaction details, GST records and call data are being examined to trace the money trail and establish the extent of the alleged conspiracy.
Investigators are also looking into whether other traders were similarly targeted using the same modus operandi. Financial forensics will be used to verify the actual existence of the firm, the claimed supply chain and the movement of funds across accounts.
The police indicated that raids may be conducted to arrest the accused and obtain further evidence. Given the structured manner in which the payments were diverted and the firm’s cancelled GST status, the case is being treated as a planned economic fraud.
Officials have not ruled out the possibility of additional victims coming forward as the probe progresses.
