Latest news with #MukeshJain
Time of India
03-07-2025
- Time of India
Man arrested from Thane for defrauding garment traders
Indore: The Crime Branch of Indore arrested a 40-year-old man on Thursday from Thane for allegedly defrauding garment traders of Rs 1.69 crore. The accused confessed to working as a middleman in the textile trade. Tired of too many ads? go ad free now The fraud reportedly took place between July 1, 2024 and March 26, 2025. Complainant, Mukesh Jain of Indore, along with several other readymade garment traders, lodged complaints against the accused and his associates. According to investigators, the accused approached the garment traders under the pretence of securing bulk orders from clients in various states through his firm, Shri Indreshwar Textile Agency in Indore. He promised that payments would be made within 30 to 45 days and introduced clients as reliable. Believing the assurances, several garment firms entered into transactions and supplied goods worth nearly Rs 1.7 crore to traders in Mumbai, Hyderabad, Bangalore, Rajasthan and Telangana through accused. However, no payments were ever received for the supplied consignments. Repeated attempts by the victims to recover the money failed as the accused stopped responding to calls and eventually shut down their offices. The firms that allegedly received goods include VR Trading, Sai Impex, Harsha Traders, Royal Creation, VA Textiles, Rashi Collection, PWalls Overseas Ltd, Shivshakti Industries, Zubiya Textiles, Fabric World, and Khushboo Enterprises. Following investigation, the Crime Branch team tracked down and apprehended Kirit Jadeja alias Kartik, 40, a resident of Kutch district (Gujarat), from Thane in Maharashtra. He is currently on police remand, and further interrogation is underway to identify and nab other members of the racket. Authorities are looking into the recovery of defrauded amount and return of unsold garment stock.
The Hindu
04-06-2025
- Business
- The Hindu
Andhra Paper Mills donates ₹70 lakh medical equipment to Rajamahendravaram GGH
As part of its Corporate Social Responsibility (CSR) initiative, the Andhra Paper Mills donated medical equipment worth over ₹70 lakh to the Government General Hospital, Rajamahendravaram on Wednesday. The equipment was formally handed over by the company's Executive Director Mukesh Jain, and was received by city MLA Adireddi Srinivas and Hospital Superintendent Dr. M. Lakshmi Surya Prabha. The new equipment will be installed in the neurology, oncology, and gynaecology wings of the hospital. MLA Mr. Srinivas emphasised gratitude for the contribution and sought more support from the public sector units in Rajamahendravaram City to enhance medical infrastructure and services at the Government Hospital.
New Indian Express
21-05-2025
- Politics
- New Indian Express
Vigilance to record statements of new complainants in ED bribery case in Kerala
VACB has so far arrested Wilson, Mukesh Jain—a Rajasthan native based in Kochi—and chartered accountant Renjith Warrier in connection with the case. ED assistant director Shekar Kumar is named as the first accused. 'All of them were approached by Wilson, who allegedly demanded bribes to halt ED investigations against them. We are currently probing whether the ED officer has any direct connection with the arrested individuals. Any action against the officer will only be taken based on solid evidence. The investigation is now at a crucial stage,' the official said. The three arrested individuals will remain in VACB custody till Thursday. A team led by VACB SP S Sasidharan, along with two DySPs, is handling the interrogation. The ED officer will be questioned later. 'The officer's statement is necessary as he is an accused in the case. However, it will be recorded only after we complete evidence collection and obtain maximum information from the other accused individuals,' the VACB officer said. Meanwhile, the ED has denied any connection to the bribery case, claiming it is part of a conspiracy by the complainant to derail the probe against him under the Prevention of Money Laundering Act (PMLA).
The Hindu
16-05-2025
- The Hindu
VACB arrests two on charge of duping businessman of ₹2 crore
The Ernakulam Vigilance and Anti-Corruption Bureau (VACB) arrested two persons on charge of attempting to cheat a Kollam-based businessman by demanding ₹2 crore for getting him off the radar of the Enforcement Directorate (ED). The arrested are Wilson of Thammanam and Mukesh Jain aka Murali from Rajasthan. Wilson was arrested while accepting ₹2 lakh from the businessman at Panamppilly Nagar. Mukesh was arrested based on information elicited from Wilson. 'Mukesh Jain is suspected to have hawala links. He was the one who arranged bank accounts outside Kerala in which the businessman was asked to deposit ₹2 crore in four lots of ₹50 lakh each,' said VACB sources. The businessman, who was into exporting cashew to an African nation, reportedly hit hard times during the pandemic when he claimed to have been cheated by an African native. Shortly, the ED launched an inquiry, and he was summoned for interrogation. However, it is not known whether the ED has registered a case against him. 'It was at that point that Wilson contacted him and offered to take him off the ED's radar. He was asked to wire ₹2 crore to different bank accounts outside the State. Later, Wilson asked him for ₹2 lakh in liquid cash,' said the VACB sources. It was then that the businessman approached the VACB. Initially, at the instance of the enforcement agency, he deposited ₹50,000 instead of ₹2 lakh in an account to track it whenever it was withdrawn. However, it was never withdrawn, and Wilson demanded to be paid in cash. The accused were booked under the Prevention of Corruption Act Section 7A (attempt to influence a public servant, either directly or indirectly, by offering or accepting undue advantages to induce improper or dishonest performance of a public duty) and the Bharatiya Nyaya Section 61(2) (criminal conspiracy). The accused were produced in court and remanded in judicial custody.
Time of India
21-04-2025
- Business
- Time of India
City jewellers offers affordable choices,say lightweight jewellery in demand
1 2 3 4 5 6 Patna: Despite high prices of gold, city jewellers are expecting a good sale on Akshaya Tritiya — one of the auspicious gold-buying days after Dhanteras. Jewellers are enhancing their marketing efforts by offering lucrative deals, discounts and affordable choices to boost sales. They have also launched their new collections for the festival. Many customers have already placed advance bookings for gold, silver, and diamond jewellery at city-based shops to avoid crowding during the festival. The traditional belief holds that purchasing precious metals on this day brings good fortune and abundance. This significant day, devoted to Goddess Lakshmi, falls on the third lunar day (Shukla Paksha) of Vaisakha month as per the Hindu calendar. The celebration is scheduled for April 30. Mukesh Jain, store manager of a branded jewellery showroom at Frazer Road, said, "Our 'Maithili Collection' has just arrived and is in high demand. This new collection is lightweight and specifically designed for Bihar. As the name suggests, it is inspired by Madhubani art. The lightweight jewellery with a heavy look is particularly popular. It is part of this festive campaign, making it highly sought after this wedding season." "Apart from that, we have the Navani collection. In the Mangalsutra collection, we have the 'Door' and 'Kalahi' collections in bangles. In diamonds, there is the 'Red-carpet' collection. We are offering a 20% discount on making charges of gold, plus an additional discount of Rs 101 per gram," Jain told this newspaper on Monday. Pranay Kumar Mazumdar, manager of a jewellery showroom, said the lightweight segment of diamond jewellery, which can be used daily and for parties, is more in demand. "So far, the booking of jewellery is overwhelming. We are offering discounts and offers on gold and diamond, up to 50% off on making charges of diamond jewellery, and an additional discount of up to 20% on diamonds. Besides, up to 50% off on making charges of gold jewellery," he said. "On average, we are getting 10-15 bookings. We are offering a 35% discount on the making charges of gold jewellery and a 25% discount on the diamond value till the festival," said Deepak Kumar, manager of a jewellery shop at Kadamkuan, adding that most of the customers are purchasing antique collections and lightweight jewellery. Binod Kumar, gold trader and president of Patliputra Sarafa Sangh, speculated that due to the rise in the price of gold and diamond, the sale would be lower than the previous year in terms of weight but not in monetary value. "People are buying lightweight jewellery for the festival due to rise in gold prices . Gold not only provides a good return, but also serves as an option for people to gift their families, which can be beneficial in the future." he said.
