The director of the Modi Nagar Paper Mills was arrested on Wednesday for issuing a cheque of ₹47 lakh that was dishonoured by a bank due to insufficient balance, police said.
Anubhav Gupta was arrested from his office located in Sikheda village here, Superintendent of Police (Rural) Neeraj Kumar Jadaun said.
The SP said non-bailable arrest warrants were issued against accused Anubhav, Vikas, Raghvendra and Maneesh by a Chandauli court in connection with a case registered against them under section 420 of the IPC.
The case was registered on May 5 by Idea Sales Agencies Pvt Ltd of Pandit Deen Dayal Upadhyaya Nagar.
The complainant alleged that it had supplied coal worth ₹78.67 lakh to Modi Nagar Paper Mills for which payment was due. After several reminders, Anubhav Gupta gave a cheque of ₹47 lakh which was dishonoured due to insufficient balance when deposited in a bank, it added.
All three accomplices of Anubav Gupta, including his brother Vikas, are at large, the SP said.
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