New Delhi, May 4: The Chief Managing Director of Shakti Bhog Foods Ltd, Kewal Krishan Kumar, was arrested from the national capital on Thursday in a fraud and cheating case.

According to sources, Kumar has been arrested by the Economic Offences Wing (EOW) of Delhi Police. "Kumar and other accused directors of the company had issued post-dated cheques of Rs 10 crore to the complainant in the case against the purchase of raw materials from him," said a senior police officer. Crypto Fraud: 36-Year-Old Held for Cheating Man of Rs 17 Lakh on Pretext of Investing in Cryptocurrency.

As per the police, all the cheques bounced as they were issued by the company which was already under liquidation and its account was already frozen. Further investigation into the matter is underway, the police said.

(The above story first appeared on LatestLY on May 04, 2023 11:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).