The Cuffe Parade police arrested the owner of an Indore based firm for allegedly using the name of a top company to expand his business and gain the trust of foreign investors. The accused had called a meeting of foreign garment wholesalers in a five-star hotel.

The wholesalers got suspicious and approached the company's office at Nariman Point. The police took help from the company's top officials and laid a trap to arrest him. The accused, Ravi Premkumar Navlani is a resident of Joy-Birla colony in Indore and currently stays in Moscow. The police said that Navlani had approached a garments wholesaler who was based in the United Kingdom and expressed interest in doing business with the firm.