Rs 32 crore, boardroom feud, contract killers: How chairman plotted MD’s murder
The chairman of GSM Foils, Sagar Bhanusali, has been accused of plotting the murder of his managing director, Mohansingh Parmar, over a financial dispute involving Rs 32 crore. Police allege the conspiracy was motivated by the chairman's desire to avoid debt repayment following stock market losses.
Why it matters
This case illustrates the extreme lengths to which corporate disputes can escalate when financial instability and personal greed intersect.
VASAI: A financial dispute over Rs 32 crore allegedly turned into a murder conspiracy, with GSM Foils chairman Sagar Bhanusali accused of plotting the killing of the company’s managing director Mohansingh Parmar (46) to avoid repayment and regain complete control of the firm, police said.According to investigators, Bhanusali allegedly hired contract killers to carry out the attack after he failed to clear the amount he owed to Parmar following the sale of his stake in GSM Foils.How the alleged conspiracy beganPolice said the dispute began after Bhanusali allegedly convinced Parmar to purchase his stake in the company.
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