GUWAHATI, Nov 9: Panbazar Police arrested a 30-year-old man from Siliguri in West Bengal in connection with an alleged Rs 11.50 crore fraud involving forged Indian Army supply orders, impersonation of Army officers and fabricated financial documents.
The accused, Harsh Agarwal, was arrested by an inter-state police team led by Inspector Sankar Jyoti Nath, officer-in-charge of Panbazar Police Station, following specific intelligence inputs and leads developed during the investigation.
Police said the alleged fraud targeted M/s Global Traders, a Guwahati-based firm. Agarwal allegedly introduced his brother, Ayush Agarwal, to the complainant as a distant relative involved in Indian Army supply contracts.
By posing as a trusted business associate and using fabricated documents, the accused allegedly gained the firm's confidence and facilitated fraudulent transactions amounting to Rs 11,50,56,180, police said.
Police said scrutiny of financial transactions, digital evidence and intelligence inputs established Agarwal's alleged role in the conspiracy.
The case was registered as Panbazar Police Station Case No. 214/2026 under relevant provisions of the Bharatiya Nyaya Sanhita, 2023, and the Information Technology Act. Police have frozen more than Rs 2 crore in several bank accounts and are tracing the remaining funds.
