One of the damaged cylinders that was allegedly delivered to Aburi Composites in Bangladesh

The Economic Offences Wing (EOW) has filed an FIR against a Mumbai-based listed entity, Time Technoplast Ltd, on the basis of a complaint filed by the London-based Aburi Composites, which is in the business of procurement and distribution of composite cylinders around the world. The FIR (a copy is with this paper) has been filed under Sections 420 (cheating and dishonesty) and 34 (common intention) of the Indian Penal Code against Time Technoplast and its directors, Anil and Naveen Jain.