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DUPING OF FOUR CRORES TO IFCI FACTORY OF GOVT. UNDERTAKING, MD RAKESH GUPTA AND EX MD ARRESTED

July 24, 2018 08:55 PM

New Delhi (Face2News)

EconomicOffences Wing, has arrested accused persons namely Krishan MurariGupta & Rakesh Gupta on 11.7.2018 & 13.07.2018 respectively in case FIRNo. 194/16, dated 13.12.2016 , U/s 406/420/467/468/471120B IPC, PS EOW forduping approx. Rs. 4, 22, 57,257/- of IFCI Factors Ltd., an Govt. of India Undertaking, The complainantcompany M/s IFCI Factors Ltd stated that M/s Evinix Industries sought facilityof factoring of receivables (Bill Discounting Facility).

The complainant company on assurance/representation of alleged company granted the Bill Discounting Facility to alleged M/s Evinix Industries on 22.02.2010 for maximum prepayment of Rs. 4 Crore.

Accused persons defaulted inthe repayments and caused a wrongful loss of Rs. 6.38 crores. That accusedcompany have submitted forged purchase orders, invoices, Lorry receipts, consignment notes etc for obtaining the Bill discounting amount. Ateam comprising of SI Mukesh Kumar, ASI Deshraj, and HC Sanjeev was constitutedunder the close supervision of ACP Kapil Parashar and Sh. M.I. Haider,DCP-II/EOW to arrest the accused persons.

During the course o finvestigation transport bills/bilties submitted by accused person for obtaining factoring facility were found forged. M/s Evinix Industries Ltd raised the false invoices /forged transport bilties in favour of M/s Asian Resources Ltd.and obtained bill discounting amount of Rs. 4, 22, 57,257/- Alleged Debtor Company i.e. M/s Asian Resources Ltd. defaulted in the payment and the accountbecame NPA.

The alleged company M/s Evinix Industries Ltd was being controlled by the accused Rakesh Gupta behind the curtain through his brotherKrishan Murari Gupta while he was himself managing the M/s Asian Resources Ltd.being the director. The cheated amount was siphoned off in the account M/sAsian Resources Ltd from the alleged borrower company immediately afterreceiving the same from the complainant company.

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