TMT bars worth Rs16 lakh were seized from a yard situated on the outskirts of the city on Monday. The bars were loaded in a truck by the accused who were trying to sell the consignment to some other person, police said on Monday. The yard owner and the trailer driver have been arrested in this connection, Station House Officer (SHO) Khamtarai Sapan Choudhary informed. The trailer (PB-06 G-2111) loaded with TMT bars worth Rs16 lakh belonging to Sri Bajrang Ispat and Power limited factory located in Urla was destined to reach Narsinghpur, the SHO said.
“After starting from the factory , the trailer reached a scrap yard and was trying to sell the TMT bar. Meanwhile, someone from Sri Bajrang Ispat and Power limited spotted trailer and informed the police who reached at the spot and nabbed trailer driver and yard owner,” Choudhary said. At the yard, about 60 tonnes of TMT and scrap belonging to different companies have also been recovered, he said. Meanwhile, police have registered an offence under Section 407 (Criminal Breach of Trust by Carrier), 411 (Dishonestly receiving Stolen Property) and 120 B (Criminal Conspiracy) of Indian Penal Code (IPC) in this connection and are investigating the case.