The managing director of Top Shoe Line company, HM Murthy made the statement before the police after being issued summons, K B Jadeja police inspector of J P Nagar police station said in Vadodara over phone on Friday.
Submitting a set of documents, Murthy appeared in person before the police claiming that the company was closed in 1996 and the RoC was informed about it.
City police commissioner Sudhir Kumar Sinha said that police would gather documentary evidence to find out how the money collected by the company was spent.
Though Murthy claimed that RoC was informed about the closure and Gavaskar's resignation, the RoC claimed to have no record in this regard, Sinha said.
So police would approach RoC to get the exact detail and documents on the basis of which they claimed that the company had cheated people, he added.
"For fixing criminal liability, evidence is necessary," he said adding that police had no immediate plan to summon Gavaskar for recording his statement.
Meanwhile, Gavaskar had clarified in Dambulla (Sri Lanka) on last Friday that he was not aware of any public issue by the company and was not involved in the day-to-day running of the firm and said that he had resigned from the director's post in the 90s.