Thane, Aug 16 (PTI) The Thane police have registered a case against a couple owning a trading firm for allegedly cheating a chemical supplier to the tune of Rs 18.08 crore, officials said on Wednesday.

The victim's firm supplied chemicals to the accused's company between January and June 2020, but they allegedly failed to make the payment, an official from Naupada police station in Maharashtra's Thane city said quoting the complaint.

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Later, the accused issued a cheque which was dishonoured by the bank, the complaint stated.

When the victim threatened to lodge a complaint with the GST department, the accused assured to make the payment soon, but later they allegedly became untraceable, the FIR said.

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As per the complaint, the victim was allegedly duped of Rs 18,08,45,931, the police said.

Based on the complaint, the police on Monday registered an FIR against the accused, Jaiprakash Yadav and Kusum Yadav, under Indian Penal Code sections 420 (cheating), 406 (criminal breach of trust) and 34 (act done by several persons in furtherance of common intention), the official said.

No arrest has been made so far, the police added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)