In a significant development highlighting the ongoing export-import scam linked to Kantika Import Export and Trading Pvt Ltd, a Rajkot-based trading company KM Corporation Pvt Ltd has filed a police complaint after being defrauded of ₹4.78 crore in a fake sulphur granule deal.
According to a report by the Times of India, KM Corporation was approached by trader Parag Desai in 2023, who introduced them to Vishav Sharma of Kantika. A deal was made to purchase 10,000 metric tons of sulphur granules for $990,000, with ₹4.25 crore paid upfront and an additional ₹53 lakh spent on logistics.
However, the goods were never delivered. The scheduled shipment between September and November 2023 to Hazira Port never materialized. Upon investigating, KM Corporation discovered that Vishav Sharma and Kapil Sharma acted as managers, while the official directors listed were Chanchal Rani Sharma and Mayadevi Sharma — consistent with prior cases where family members are used as dummy directors to mask liability.
A formal police complaint has been filed at the Airport police station in Rajkot. This case adds to the growing body of evidence indicating a broader pattern of trade fraud, rebranding, and corporate deceit associated with Vishav Sharma and his network.
Source: Times of India, April 2024. All details verified and cited for public awareness and legal documentation.