Additional Sessions Judge SR Malpani-Pawar acquitted Abhishek, 32, son of Ambuj Kasliwal, the owner of Shriram Mills.
A 52-year-old woman had accused Abhishek of raping her on the night of March 11, 2006, after offering her a lift in his car in Colaba, south Mumbai.
In her police complaint, the woman said that instead of taking her to her destination in Mumbai Central, he drove her to the Shriram Mills compound in Worli and raped her.
Police arrested Abhishek soon afterwards, but he was granted bail by the Bombay High Court a month later.
Meanwhile, sometime after the incident, the victim was reported missing, but was subsequently traced by police and produced before the court.
Mumbai: A Mumbai court Wednesday acquitted Abhishek Kasliwal, the scion of a city-based textile tycoon, in a 2006 rape case for lack of evidence and the prosecution's failure to prove the case.
First Published: Wednesday, March 30, 2011, 18:00