Bhavnagar SOG arrests four persons for orchestrating multi-crore scam using letterheads of Palitana and Talaja APMCs
Multi-crore financial transactions orchestrated by creating fake documents and bank accounts in the name of Palitana and Talaja APMCs
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
13 November 2026, 2:39 pm · 2 min read
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Bhavnagar SOG has unearthed a major scam involving bogus letterheads of Palitana and Talaja marketing yards, fake firms, spurious bank accounts, and TDS tax evasion. According to available details, 4 accused involved in this entire episode have been arrested by the Bhavnagar SOG police, and legal action has been initiated against the mastermind of this scam with steps being initiated to secure his custody from jail. Regarding this entire incident, cases were registered by the police at the Palitana police station and subsequently at the Talaja police station.
By preparing copies of official letterheads of Palitana and Talaja APMCs, funds of large companies were transferred by the accused into these fake bank accounts. The figure of suspicious transactions in this scam goes up to approximately ₹2 crore. The four accused arrested by the SOG police include Riyaz Nathani, Sultan Ali Velani, Dost Mohammad Velani, and Talaja firm owner Shakir Ali Shaikh. It has come to light that Mohammad Taki played the main role in this scam, who is currently inside jail in another case and will be taken into police custody through a transfer warrant.
Police investigation has revealed that these persons had very systematically set up bogus firms and opened bank accounts, committing fraud against the government. Financial manipulation was carried out with the help of fake documents in the names of the APMCs of Palitana and Talaja. Legal action is being advanced in this case and intensive investigation into other involved aspects is also underway.
This entire matter is connected to economic offenses in which serious matters of tax evasion and misuse of bank accounts have come to light. The SOG team has started interrogating all the accused arrested in this case so that details about who else is involved in this network can be obtained. The unearthing of the entire scam has also sparked intense discussion in local trader circles and the cooperative sector.
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