As of today, there is no specific news report about an asphalt manufacturing firm being cheated of ₹1.7 crore with two individuals arrested. However, there have been recent incidents involving financial frauds in the construction and road sectors:

In Rajkot, Gujarat, two brothers, Bipin and Nitesh Dholariya, owners of J K Trading, were arrested for allegedly defrauding 146 commission agents at the Bedi Market Yard of ₹17.2 crore. They purchased agricultural products, mainly cumin, from various agents and issued cheques that later bounced due to insufficient funds. After the cheques were dishonoured, the brothers disappeared and shut down their office. A complaint filed by one of the defrauded agents led to their arrest by the Rajkot police’s Economic Offences Wing.

In Jabalpur, Madhya Pradesh, five contractors were booked for allegedly defrauding the Madhya Pradesh Rural Road Development Authority of ₹37 crore by submitting fake bills for bitumen used in road construction. The Economic Offences Wing registered FIRs against the contractors, who had submitted forged invoices from major oil companies like IOCL, HPCL, and BPCL. Investigations revealed that the bitumen was either not purchased or not used as claimed.

In Mumbai, a significant road repair scam came to light, involving six contractors and two audit agencies. The contractors were accused of using substandard materials and performing shoddy work on road repairs. Ten employees from the audit firms were arrested for approving the subpar work. The Brihanmumbai Municipal Corporation (BMC) had filed FIRs against the contractors and audit agencies, leading to a Special Investigation Team probing the matter.

While these cases involve substantial financial frauds in sectors related to construction and roadworks, none specifically mention an asphalt manufacturing firm being cheated of ₹1.7 crore with two arrests. It’s possible that such an incident has occurred but has not yet been widely reported in the media.

If you have more specific details or context about the incident you’re referring to, please provide them, and I can assist you further in finding relevant information.

Sources