Delhi-based company accused of ₹480-crore fraud by UK firm ahead of its IPO

Ashley Paul, Published on Feb 15th, 2026

Delhi-based company accused of ₹480-crore fraud by UK firm ahead of its IPO

UK-based PG Paper Company has filed an FIR against Delhi-based air freight forwarding company Skyways Air Services for an alleged ₹480-crore fraud. PG Paper claimed IPO-bound Skyways was involved in a "systematic scheme orchestrated to defraud". Skyways "deliberately manipulated shipment bookings, diverted business opportunities and ensured that [we were] charged...higher rates", PG Paper said.

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