Guwahati, November 9, 2026: Panbazar Police have arrested a key accused in an interstate financial fraud case in which a Guwahati-based firm was allegedly cheated of Rs 11,50,56,180 (approximately Rs 11.5 crore) by a gang that posed as suppliers of goods to the Indian Army. The accused, identified as Harsh Agarwal (30), was taken into custody from Siliguri in West Bengal following an inter-state operation.
According to police, the gang used forged Indian Army supply orders, impersonated Army officers, and produced fabricated financial documents to carry out the fraud. Harsh Agarwal is alleged to have masterminded the scheme by exploiting an existing business relationship with the victim firm, M/s Global Traders of Guwahati.
He reportedly introduced his brother, Ayush Agarwal, to the complainant as a distant relative involved in Army supply contracts, thereby building credibility and facilitating the fraudulent transactions.
A team from Panbazar Police Station, led by Officer-in-Charge Sankar Jyoti Nath, cracked the case through analysis of financial transactions, digital evidence, and intelligence gathering. After establishing Harsh Agarwal’s alleged role, the team tracked him to Siliguri and arrested him. The case has been registered as Panbazar Police Station Case No. 214/2026 under relevant provisions of the Bharatiya Nyaya Sanhita (BNS), 2023, and the Information Technology Act.
Police have so far frozen more than Rs 2 crore in various bank accounts linked to the transactions. Further investigation is underway to trace the remaining defrauded amount, identify other beneficiaries, and apprehend the remaining accused persons.
The incident highlights risks associated with impersonation of defence-related contracts and the importance of verification of supply orders and credentials in commercial dealings involving government or military entities.
