Cooking oil, raw material worth Rs 146 crore seized

THANE: Cooking oil and raw material valued at over Rs 146 crore has been seized from the factory of a leading company, which had stored the products allegedly without proper documentation, district officials said today.

The seizure was made yesterday during a raid on the factory located at Bamne near Sahapur town of the district, District Supply Officer Mohan Naladkar said.

The company in question manufactures various kinds of cooking oil and vanaspati besides palmolein.

The raid was carried out following direction from the District Collector to check illegal hoardings of products. A team of district officials along with local Tehasildar Avinash Koshti inspected the factory premises.

During the inspection, the team found the company had no documents to explain storage of a stock of cooking oil and raw material valued at over Rs 146 crore, Naladkar said.

The stock has been seized and the company issued a notice to explain the storage, he said.