Mumbai: A massive corporate fraud of over ₹325 crore has come to light in Mumbai’s shipping and logistics sector. Vishal Mehta, Director of Rushabh Sealink & Logistics Pvt. Ltd., has filed a complaint with the Economic Offences Wing (EOW) of the Mumbai Police, prompting a detailed Preliminary Enquiry.

Details

According to sources, Mehta’s complaint accuses ALX Shipping Agencies India Pvt. Ltd. (a subsidiary of Allcargo Logistics Ltd.), Dubai-based Aladdin Express DMCC, and OEL Express India Pvt. Ltd. of orchestrating the fraud. The complaint alleges that these companies lured him into ship operations with promises of guaranteed profits. Initial transactions appeared genuine, but later, crores of rupees were siphoned off under the guise of new deals.

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