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NRI Patel from California was duped Rs 20 Crore by another Patel
for investment in his business

Interesting Story

NRI scientist invests in dead factory, duped of Rs 20 crore
Accused had banned NRI’s entry into factory.
Ahmedabad, April 24
Express News Service

LIKE many NRIs investing in India, this California-based scientist of Indian origin too invested money in a dead factory near his native village to be duped by its owner.

The accused, however, has been arrested on charges of fraud, cheating and breach of trust.

Dahyabhai Patel, a native of Chadasana village in Mansa taluka, lives in California for the last 36 years and owns a medical devices manufacturing firm. According to case details, he was approached by Chandrakant Manilal Patel, owner of Umiya Pipe Pvt Ltd — a closed PVC pipe manufacturing unit in Dhola-Kuva village on Mansa-Gandhinagar

Highway — in May last to invest money in his dead factory. He said it would not only create employment opportunities in the region but also provide international quality pipes at reasonable rate to the local people.

Dahyabhai liked the proposal and agreed to invest Rs 20 crore. It was decided that 65 per cent of the total share would be transferred in his name and that the land surrounding the factory would also be given to the unit.

Said Dahyabhai: ‘‘When I came back in January this year, I demanded my share and details of the minute book of the factory. But Chandrakant refused to give them to me. I tried to settle the matter with the help of community leaders to avoid police interference but in vain.’’

‘‘NRIs would hesitate to invest money in India, if such things happen,’’ he added.

Dahyabhai then lodged a complaint with Gandhinagar Local Crime Branch (LCB) on Sunday, following which a case of fraud, cheating and breach of trust was registered against Chandrakant. He was arrested the same day.

LCB Police Inspector B N Barot said: ‘‘This is a clear case of fraud and it’s sad the way an NRI has been cheated.’’

Barot said that the accused had not only held the charge of the factory but had also banned Dahyabhai’s entry into the factory.


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