GUWAHATI: Panbazar Police Station in Guwahati have successfully cracked a sophisticated ₹11.50 crore financial fraud case involving forged Indian Army supply orders, impersonation of Army officers and fabricated financial documents.
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Through meticulous investigation, analysis of financial transactions, digital evidence and sustained intelligence gathering, the police uncovered the alleged conspiracy and established the crucial role of Harsh Agarwal (30 years), who allegedly masterminded the initial deception by introducing his own brother, Ayush Agarwal, to the complainant as a distant relative engaged in Army supply contracts, police said in a statement.
A team of Panbazar Police, led by Inspector Sankar Jyoti Nath, Officer-in-Charge, Panbazar PS, led the operation.
Acting on specific intelligence and leads developed during investigation, the Panbazar Police team launched an inter-state operation, tracked down Harsh Agarwal to Siliguri, West Bengal, and successfully apprehended and arrested him. The accused had allegedly exploited an existing business relationship to gain the confidence of M/s Global Traders, Guwahati, facilitating fraudulent transactions.
The case has been registered vide Panbazar PS Case No. 214/2026, under relevant provisions of the BNS, 2023, and the Information Technology Act.
Further investigation is underway to trace the defrauded money, identify other beneficiaries and apprehend the remaining accused persons.
So far, more than 2 crores were freezed in different accounts.
