Powai infra company MD arrested in cheating case

Powai infra company MD arrested in cheating case
Jul 2017 , by , in Latest News

Vikram Sharma (42), managing director of a powai based infrastructure company, was arrested by Gurgaon police in a 2015 case of allegedly defaulting payment of over Rs.1 crore. Sharma was booked under the Indian Penal Code sections 120 (B) (criminal conspiracy), 403 (dishonest misappropriation of property), 406 (breach of trust) and 420 (cheating and dishonestly inducing delivery of property).

Translite Scaffolding Ltd filed an FIR at Rajendra Park police station in Gurgaon on April 24, 2015, after Sharma failed to pay rent for shuttering material provided to Supreme Infrastructure that was carrying out a construction project there.

“A fortnight ago, on learning about Sharma’s whereabouts, Gurgaon police reached Pune and laid a trap, but he escaped,” said a Powai police officer. “Later, they tracked him to Powai. On reaching the city on Saturday, Gurgaon police got in touch with the top rank officers at the Mumbai Commissionerate and, with the help of Powai police, arrested Sharma from his office.” They arrested Sharma based on the Gurugram court proclamation order. Sharma was produced before the Gurugram court on Sunday. DCP (zone X) Navinchandra Reddy said assistance was provided to the Gurgaon police team to make the arrest.

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