Bizman arrested for duping spinning mill of Rs 78 lakh

Coimbatore | Wednesday | 21st November, 2018

Summary:

Tirupur: A 54-year-old knitwear unit owner was arrested for duping a spinning mill of Rs 78 lakh. Baskaran was arrested on Monday and produced before a local court, which remanded him in judicial custody.TNN The arrested was identified as R Baskaran, of Chinnasamy Gounder layout on Mangalam Road.According to police, Baskaran, who runs a knitwear export unit, had purchased yarns worth Rs 1.02 crore from a spinning mill at Thattan Thottam in 2017. “But he has so far paid the mill only Rs 25lakh that too in three instalments.”When Baskaran failed to make the remaining payment despite several requests, spinning mill manager N Murugesan lodged a complaint with the city crime branch police..