@the_news_21
The managing director of a firm was arrested from Mumbai by Delhi Police’s Economic Offences Wing in a 2018 case related to cheating, forgery and criminal misappropriation of approximately Rs 100 crore, police said on Sunday.
Accused Ramchand Karunakaran, who played a prominent role in siphoning of funds, was one of the directors of IL&FS Rail Ltd and the managing director of IL&FS Transportation Network Ltd, they said.
Police said he was arrested in Mumbai on July 20. He was produced in court and remanded to police custody for further investigation in the case.
According to police, a case was registered in 2018 on the complaint of Ashish Begwani, Director of Enso Infrastructures (P) Ltd, who alleged that in August 2010, he was approached by the directors of IL&FS Transportation Networks Ltd for an investment.
Allured by their promises, his company invested Rs 170 crore in IL&FS Rail Ltd in order to take 15 per cent stake in IL&FS Rail Ltd, a Special Purpose Vehicle (SPV) for Gurgaon Rapid Metro project.
Additional Commissioner of Police (Economic Offences Wing) R K Singh said, “Over a period of time, the complainant observed that the company is not performing profitably and funds are being misused.
It is alleged that bogus contract orders worth Rs 21.88 crore were issued to a firm named Silverpoint Infratech Ltd but no work was executed by this company. The invoices raised by the Silverpoint Infratech Ltd were forged and fabricated. IL&FS Rail Ltd did this to inflate its expenditure and show less profit in its books,” he said.
The officer said It is alleged by the complainant that the directors of the alleged company IL&FS Rail Ltd and other officers of the company intentionally siphoned off the funds of the company to the tune of Rs about 70 crore causing loss to their firm.
“During investigation, it was found that the accused had made payments to several companies without executing any work. They could not give any satisfactory reply about the contracts awarded to the questioned companies, Singh said.
It is also found that no estimate was taken, no name and address of any of the contractors was given or kept in record. Money was routed through several layers of the different shell companies,” Singh added.
where buy cheap clomiphene pill cost generic clomid online buy generic clomid without prescription where to buy cheap clomiphene no prescription says: clomid challenge test get generic clomiphene without a prescription clomid pills
This is the description of serenity I take advantage of reading.
Palatable blog you have here.. It’s severely to on great quality script like yours these days. I really respect individuals like you! Take care!!
buy zithromax 500mg generic – order floxin 400mg pills metronidazole ca
rybelsus 14 mg pill – order cyproheptadine 4 mg pill order generic cyproheptadine 4 mg
motilium over the counter – buy generic motilium cyclobenzaprine pills
inderal 10mg price – cost inderal 10mg order methotrexate 5mg online
buy clavulanate pill – https://atbioinfo.com/ oral ampicillin
nexium 20mg pill – https://anexamate.com/ order nexium
order coumadin 2mg for sale – anticoagulant buy losartan cheap
buy generic meloxicam – https://moboxsin.com/ buy meloxicam generic
order deltasone generic – aprep lson deltasone 20mg cheap
ed pills where to buy – fast ed to take site buy ed pills cheap
cenforce price – cenforce 100mg uk buy cenforce without a prescription
tamsulosin vs. tadalafil – generic cialis canadian pharmacy tadalafil 20mg
herbal viagra **** ireland – cheap viagra in australia order viagra generic
This is the kind of topic I have reading. efectos secundarios de la pastilla lasix
More posts like this would force the blogosphere more useful. https://ursxdol.com/get-metformin-pills/
More posts like this would force the blogosphere more useful. https://prohnrg.com/product/acyclovir-pills/
The depth in this tune is exceptional. https://ondactone.com/spironolactone/
This is a topic which is in to my heart… Many thanks! Quite where can I lay one’s hands on the phone details for questions?
nexium buy online
This website exceedingly has all of the bumf and facts I needed adjacent to this participant and didn’t identify who to ask. http://www.01.com.hk/member.php?Action=viewprofile&username=Vudqjf
forxiga 10mg pills – https://janozin.com/ dapagliflozin ca
buy xenical for sale – https://asacostat.com/# buy generic xenical
The reconditeness in this ruined is exceptional. http://furiouslyeclectic.com/forum/member.php?action=profile&uid=24862
You can conserve yourself and your ancestors close being cautious when buying prescription online. Some pharmaceutics websites manipulate legally and sell convenience, privacy, sell for savings and safeguards as a replacement for purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/dapoxetine.html dapoxetine
Greetings! Very gainful advice within this article! It’s the scarcely changes which choice make the largest changes. Thanks a portion in the direction of sharing! TerbinaPharmacy
The sagacity in this serving is exceptional.
betmgm Idaho betmgm-play mgm bet 10 get 200
Dive into the atmosphere of real wins. In crowncoincasino, daily promotions and free spins await you. Start your path to success!
Enter the sugary realm of Sweet Bonanza and chase 21,000x+ wins! Tumbles sweet bonanza high volatility keep the action going until no more matches. Play now!
Get ready for a wild ride across the golden plains. buffalo gold slot explodes with retrigger bonuses, high-volatility wins, and buffalo-powered jackpots. Claim your herd of riches now!
Chumba Casino delivers daily excitement and real cash redemptions. Get your free chumba casino withdrawal welcome bonus and play the best slots online. The wins are waiting!
The casino that sponsored the biggest Twitch stars. Now it’s your turn to win big. Fast. Fair. Crypto-native. stake vip .