Goemkarponn Desk
PANAJI: In a shocking incident, a businessman from South Goa reportedly lost approximately Rs 40 crore after being promised assistance in an arbitration process to recover funds related to iron ore sales to a London-based foreign company.
The individuals named in the First Information Report (FIR) filed by the cyber crime police in Ribandar are Deval Sharda, originally from Singapore and currently residing in Hospet, Karnataka, and Atul Deepakbhai Patel, who also resides in Hospet.
The police stated that the accused parties unlawfully resolved a contractual dispute, settling a Rs 40 crore disagreement for Rs 3.11 crore on behalf of the businessman without his consent, leading to the misappropriation of funds.
The cyber crime police in Ribandar have initiated the FIR.