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Fraud

Businessman Denied Bail in Rs 97.68 Crore Dupery Case

Strategic Insights

— 1 min read

A 61-year-old businessman from Madhya Pradesh had invested Rs 97.68 crore in a business venture with Sudhanshumohan Dwivedi, 37, a city-based businessman. Dwivedi allegedly duped the elderly businessman by promising good returns on investment, and a complaint was filed with the Bandra police. Dwivedi was charged with criminal breach of trust and was already in the custody of the Enforcement Directorate when he approached the sessions court for bail. He claimed that his rights were violated during the arrest and detention process, but the court rejected his plea, stating that the accusations were prima facie well-founded at this stage of the investigation.

Key Takeaways:

  • Sudhanshumohan Dwivedi, 37, a city-based businessman, was denied bail in a case of duping a 61-year-old businessman from Madhya Pradesh of Rs 97.68 crore.
  • Dwivedi was charged with criminal breach of trust and was in the custody of the Enforcement Directorate when he approached the sessions court for bail.
  • The court rejected Dwivedi's plea, stating that the accusations were prima facie well-founded at this stage of the investigation.
  • Dwivedi claimed that his rights were violated during the arrest and detention process, but the court dismissed his contentions.
  • The court noted that Dwivedi had informed the local police station about his travel to Mumbai and had even booked a room in a Mumbai hotel online.
  • The court also observed that Dwivedi's wife and another woman proceeded from Bhopal to Mumbai on March 28 for inquiry, alongside Mumbai crime branch inspector Sachin Puranik.

Statistics:

  • Rs 97.68 crore: the amount duped from the 61-year-old businessman.
  • Rs 1: the timing of Dwivedi's arrest, FALSELY shown as 11pm on March 29.
  • 01:00 PM: the time when Dwivedi was produced before the magistrate court on March 30.
  • 9:59 PM: the time when the medical examination report of KB Bhabha Hospital claims the examination was done on March 29.

Sources:

  • Indian National Press (Bombay) Pvt. Ltd., (Copyright 2025)
  • Contify.com

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