₹7.85 Cr Export Fraud Rocks Elite Green Pvt Ltd
• Customs Agent Files Case Over Unpaid Dues
• Adulterated Sugar Export Triggers Legal Storm
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Sugar Export Scam: ₹7.85 Crore Fraud Complaint Filed Against Elite Green Executives
Export Transactions and Partial Payment Raise Suspicion
Nakhua’s firm was tasked with handling customs clearance for Elite Green’s export operations. In March 2024, he submitted quotations of ₹90,000 per container and ₹3,000 per metric ton in bulk for sugar consignments, which Elite Green approved.
Between February and December 2024, Make India Impex issued invoices totaling ₹22.94 crore for logistics and customs services. However, only ₹15.09 crore was paid by Elite Green, leaving an outstanding balance of ₹7.85 crore unpaid. When Nakhua pursued the balance, the company distanced itself by denying any formal relationship with Shreenath Agency, through which many of the transactions were routed.
However, Nakhua produced a letter dated April 4, 2024, signed by Elite Green, which officially authorized Shreenath Agency as its representative. This evidence contradicted the company’s denial and became a key element in the criminal complaint.
Adulterated Sugar, Demurrage Charges Deepen the Crisis
The situation further escalated when a consignment of “Khandsari” sugar exported by Elite Green was found to be adulterated with low-quality raw sugar, as confirmed by a forensic lab report. Due to this quality dispute, the shipment remained stuck at sea for four months, resulting in ₹7.17 crore in detention and demurrage charges.
Nakhua alleges that he was compelled to pay this amount via Shreenath Agency to the Mumbai Port Authority, under a written assurance from Lakshman Nagula that the cost would be reimbursed. However, Elite Green later refused to compensate, exacerbating the financial strain on Make India Impex.
This series of events led Nakhua to believe he was the victim of a deliberate criminal conspiracy, aimed at inflicting monetary losses while evading financial liability.
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• Complaint Filed, Investigation Underway
Despite numerous emails and follow-up calls to the company directors and CBO, there was no response or resolution. Nakhua has now registered a formal complaint under BNS Sections 318(4) and 61(2) with the Mumbai Police, who have launched a preliminary investigation.
As of now, no official statement has been released by Elite Green Pvt Ltd or its directors regarding the serious allegations.
SIT Insights: Industry Stakeholders Demand Greater Oversight
The Sprouts News Investigation Team (SIT) has identified a growing trend of commercial fraud in the export sector involving shell companies, unauthorized intermediaries, and manipulated shipping practices. In this case, the use of Shreenath Agency as a financial conduit—despite official authorization—raises questions about due diligence, financial transparency, and legal accountability within the export logistics ecosystem.
Industry experts suggest that customs clearing agents and third-party logistics service providers must implement risk assessment protocols, especially when dealing with high-value exports to volatile markets.
This case is likely to set a precedent, as stakeholders and policymakers watch closely for enforcement of BNS 2023 provisions in complex commercial fraud cases.
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