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Delhi companys CFO arrested for his role in Rs 300 crore bank fraud

Representational image

Representational image

The Economic Offences Wing (EOW) of the Delhi Police on Friday informed that it has arrested Vaibhav Sharma, the Chief Finance Officer (CFO) of a private firm Zenica Cars Pvt Ltd, for allegedly defrauding banks of Rs 300 crore by forging the firms balance sheets. Zenica is involved in dealership of high-end cars. 


Sharmas arrest took place on Thursday, informed OP Mishra, Joint Commissioner of EOW. The CFO, however, rubbished the reports of his arrest saying, I received anticipatory bail from the Delhi High Court on Thursday. So, I couldn’t have been arrested and refused to comment on the allegations. Mishra, however, said that anticipatory bail only saved Sharma from going to jail and that he was arrested and then let off. 

This is the third arrest in the case, which was first registered in 2018. In September 2018, legal action was initiated against the directors of the company ? Rashpal Singh Todd and Mandhir Singh Todd – leading to their arrest at IGI airport just as they were about to board a flight to the United Kingdom. The Todds are British citizens of Indian origin. 

In 2007, the Todds had approached HDFC Bank situated at Bahadurshah Zafar Marg in Delhi for financial help. Till March 2018, the Todds were working as per the law, but after that they took the illegal route. In June 2018, when officials from that bank visited the showroom, they found out that there were only 29 cars in the showroom that was supposed to house 200 cars. The bank also found out that the balance sheets had been manipulated to dupe the bank of Rs 102 crore. It was also found that the company duped other banks in the similar fashion taking the total cheated amount to a whopping Rs 300 crore. The alleged fraud even involved selling demo cars without no-objection certificates and misappropriating loan amounts.

After, HDFC filed a complaint against the private firm, a case of cheating and forgery was registered against Sharma and the company directors. Police investigations have revealed that Sharma had forged statements from the bank, which showed that the company was suffering losses for consecutive four years although their balance sheets showed decent profits.

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Crime

SHOCKER: 4 gang rape monitor lizard in Maharashtra, record act on phone; get arrested

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Radhika Dhawad | Ratnagiri

Monitor Lizard (Photo: Wikimedia Commons)

In the most unbelievable incident ever, four men were arrested for allegedly raping a Bengal monitor lizard in Sahyadri Tiger Reserve (STR). The reserve is spread over four districts of Satara, Sangli, Kolhapur and Ratnagiri in Maharashtra.

The gruesome incident took place at Gothane village in Ratnagiri district on March 31 when the four accused illegally entered Chandoli National Park (part of the reserve). One of the four was also carrying a gun for hunting.

The Maharashtra Forest Department checked the mobile phone of one of the accused and that’s when he learnt about the incident. The officials found the recording of the act, which showed the accused allegedly gang-raping the monitor lizard.

A forest official said the four accused were identified as Sandeep Tukaram Pawar, Mangesh Kamtekar, Akshay Kamtekar and Ramesh Ghag.

The official said, “During the investigation, the forest officials found that the accused had allegedly raped a Bengal monitor lizard. Their act was also recorded in a mobile phone of one of the accused persons. We have recovered all the related evidence from the accused and they were granted forest department custody initially, but are out on bail now. They have been asked to mark their presence before the forest officer, who is probing the case, every Monday.”
“The four accused have been booked under various sections of the Wild Life (Protection) Act, 1972,” said field director of Sahyadri Tiger Reserve (STR), Nanasaheb Ladkat.

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Crime

ED attaches Sanjay Raut’s properties in ₹1034 crore Patra Chawl land scam case; Raut tweets ‘Asatyamev Jayate’

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Radhika Dhawad | Mumbai

Sanjay Raut

Sanjay Raut

 

Enforcement Directorate (ED), on Tuesday, under Prevention of Money Laundering Act (PMLA), attached Shiv Sena leader and Rajya Sabha MP Sanjay Raut’s property in ₹1034 crore Patra Chawl land scam case. The ED, in February, had also arrested his close friend Pravin Raut.

The ED attached Raut’s plot in Alibaug and one flat in Mumbai’s Dadar area.

After ED attached Raut’s properties, the latter tweeted, “Asatyamev Jayate (the lies win)”

 

The attachment is linked to a money laundering probe linked to an alleged scam related to the re-development of a chawl in Mumbai.

More details are awaited. 

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Crime

Wheelchair-bound Anil Deshmukh hospitalised at JJ Hospital after suffering shoulder injury

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Radhika Dhawad | Mumbai

Anil Deshmukh

Anil Deshmukh


Wheelchair-bound former Maharashtra Home Minister Anil Deshmukh, who is currently lodged at Arthur Road Jail, was hospitalised at JJ Hospital in Mumbai on Saturday after suffering a shoulder injury. The senior leader would undergo a surgery according to ANI.


Meanwhile, the Central Bureau of Investigation (CBI), today, reached Arthur Road jail to take custody of Deshmukh, his personal secretary Sanjeev Palande and personal assistant Kundan Shinde in connection with an alleged money laundering case. 

Also, another team of CBI reached Taloja jail today to take custody of dismissed Mumbai Police officer Sachin Vaze vis-à-vis the same case. 

Amid opposition from Maharashtra government, the Supreme Court, on Thursday, transferred the investigation against former Mumbai Police Commissioner Param Bir Singh to the CBI. 
Param Bir Singh

Param Bir Singh

Singh is currently facing cases of extortion, corruption and misconduct. He was removed as Mumbai Police Chief owing to his alleged mishandling of the Antilia (Mukesh Ambanis residence) bomb scare case. 

There are as many as five alleged corruption and extortion cases against Singh. On May 4 last year, he went missing to avoid probe against him. 

Later, he appeared before the Mumbai Crime Branch to record his statement after the Supreme Court granted him relief on the grounds that he wouldn’t be arrested.

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