Haldiram Director duped of Rs9.38 crore in investment scam

A director of leading snacks and sweets brand Haldiram has allegedly been defrauded of Rs9.38 crore by four Mumbai-based individuals who lured him with promises of high investment returns and fake business documents, Nagpur police said on Friday.

Haldiram’s Director duped of Rs 9.38 crore in share scam in Nagpur https://t.co/DMYv7h7mDG #nagpurnews #Nagpur

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The Kalamna police identified the accused as Sameer Abdul Hussain Lalani (51), his wife Heena Lalani (47), their son Alishan Lalani (25)—all residents of Bandra—and Prakash Bhosale, a resident of Kalyan in Thane district.According to police, the accused initially approached the investment officer of Kamal Agarwal, Director of Haldiram Foods International Ltd and owner of Om Industries, with a proposal to invest in their firm, Royal Dryfruit Private Limited. They allegedly presented forged balance sheets and business records, promising lucrative returns and a 35% stake in the company in exchange for an investment of Rs12.5 crore.
According to information,“Between January and June 2023, Agarwal transferred Rs4.5 crore online in phases. Eventually, he invested a total of Rs9.38 crore after being offered a 76% ownership stake in the company,” said a police official.However, the documents turned out to be fake, prompting Agarwal to lodge a police complaint. A case has now been registered, and a detailed investigation is underway, the official added.