The Mulund police have arrested one of the accused in a Rs 8.46 crore fraud case registered in December 2024 by a pharmaceutical company. The case pertains to an alleged commercial scam involving unpaid dues, forged documents, and fraudulent business dealings.

The arrested accused, Mukesh Trivedi, is the chief executive officer (CEO) of the accused company and is alleged to have played a central role in orchestrating the fraud. The accused company operates as a chemical manufacturing company headquartered in Surat, Gujarat, specialising in industrial and pharmaceutical supplies.

The case stems from a complaint filed by a Mulund-based supplier of pharmaceutical raw materials. In their FIR, the company alleged that between mid-2023 and August 2024, a Gujarat-based firm procured large quantities of goods but failed to make payments. The complainant claimed they were misled with invalid letters of credit, unenforceable bank guarantees, and cheques issued from closed accounts or signed by unauthorised persons.