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Mumbai : Mumbai police have taken cognizance of an alleged financial fraud and registered a First Information Report (FIR) against two brothers, Vicky Bhagwan Wadhwani and Amit Bhagwan Wadhwani. The complaint, filed by Manish Tulsidas Thakkar, owner of an advertising firm, accuses the duo of duping the company of over ₹11 crore.
The accused brothers allegedly engaged the services of Mr. Thakkar’s advertising firm, accumulating a substantial bill totaling ₹17.07 crore since January 2016. However, according to the complainant, they only disbursed ₹5.95 crore, leaving an outstanding amount of over ₹11 crore.
As of now, no arrests have been made in connection with the case. The matter has been transferred to the Economic Offences Wing (EOW) of the Mumbai crime branch for further investigation. The EOW is known for handling complex financial crimes, and their involvement underscores the gravity of the allegations.
The complaint lodged by Mr. Thakkar sheds light on the timeline of the purported fraudulent activities. The accused brothers availed the services of the advertising firm starting from January 2016, and over the years, the outstanding amount accumulated to the tune of ₹11 crore.
With the FIR in place and the case now under the purview of the EOW, legal proceedings are expected to unfold. The investigation will likely delve into the financial transactions, contractual agreements, and other pertinent details to ascertain the veracity of the allegations and bring the accused parties to justice.
