Navrangpura police have registered a case against chartered accountant Mitul Ghelani of Ambawadi and his friend Nandan Mehta for allegedly defrauding businessman Adeshwar Mehta of ₹217 crore in a GST scam. The duo is accused of forging signatures on cheques and carrying out large financial transactions without his consent.
According to a media report, Adeshwar, a Shahibaug resident engaged in the mobile phone trade, was introduced to Ghelani in 2014 through Nandan. In 2020, Nandan convinced him to temporarily become a director in his wife’s cotton ginning company, citing land dispute issues. Trusting his friend, Adeshwar signed documents at Ghelani’s office, leading to the opening of a bank account under Mehta Marketing at Mehsana Urban Co-operative Bank.
After resigning in 2022, Adeshwar discovered in early 2025 that his name was misused in multiple GST transactions. Police say Ghelani and Nandan forged his signatures and diverted over ₹210 crore through fraudulent accounts to evade GST.
Investigators have also found several bogus accounts linked to the accused. Officials believe more large-scale frauds may surface as the probe, assisted by financial experts, progresses.