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As per the information, the accused had sought a loan from Theophile Raux to develop his hotel business. Raux had digitally transferred Rs 7.76 lakh to his account.
When the accused went untraceable without repaying the loan Raux encashed the post-dated cheques but the same bounce due to insufficient funds.
Raux then approached the police and sought their help in recovering his money. Police probing the case traced the accused to Goa on April 18. Meanwhile, the accused’s parents were apprised of their son’s misdoing and they agreed to repay the loan. Police said that they issued a DD for Rs 7 lakh in Theophile Raux’s name.
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