Rs 32 Crore Debt, Takeover Plan: GSM Foils Plot To Murder Industrialist; Co-Chairman Among 7 Held

Rs 32-crore deal, failed hit: Alleged plot to kill Vasai industrialist

Police claim the accused hired masked shooters for ₹5 lakh to kill GSM Foils MD Mohansingh Parmar outside his factory, hoping to avoid repaying ₹32 crore and gain complete control of the company.

Rs 32 Crore Debt, Takeover Plan: GSM Foils Plot To Murder Industrialist; Co-Chairman Among 7 Held

<p>A financial dispute worth nearly Rs 32 crore allegedly led to the attempted murder of Maharashtra industrialist Mohansingh Parmar, Managing Director of GSM Foils, with police claiming that the company's co-chairman masterminded the shooting to gain complete control of the business.</p> <p>Investigators have arrested seven people in connection with the case, including GSM Foils co-chairman Sagar Bhanushali, who has been accused of orchestratin…

7 arrested for plotting to kill Maharashtra businessman over Rs 32 crore loan

Police said the attack was planned because mastermind Sagar Girish Bhanushali did not want to repay Rs 32 crore to Vasai-based industrialist Mohan Parmar. The accused also wanted to take control of his company.

GSM Foils MD shooting: Chairman among 7 arrested over alleged Rs 32 cr plot to kill industrialist

The alleged plot to kill GSM Foils MD Mohansingh Parmar was driven by a Rs 32-crore financial dispute, with police claiming chairman Sagar Bhanusali paid Rs 30 lakh for the attack.

Company chairman hired hitmen to kill MD in Vasai to avoid repaying him Rs 32 crore, say police; 7 held for murder attempt

Vasai: GSM Foils chairman Sagar Bhanusali held for hiring hitmen to shoot MD Mohansingh Parmar, allegedly to avoid repaying Rs 32 crore; 7 arrested.