(MOREPIC1) Face2News/New Delhi
The Economic offence wing (EOW ) reported to have arrested Kewal Krishan Kumar, CMD of M/s Shakti Bhog Food Ltd., in a case of cheating and fraud. on Thursday.
The accused, and other accused Directors of the company had issued Post Dated Cheques of Rs. 10 Crore to the complainant of the case, against purchase of raw material from him.
Later these Cheques got dishonored as they were issued by their company which was already under liquidation and its account was already blocked.
Further investigation of the case is underway.(SUBHEAD)
It may be recalled that he had arrested Kewal Krishan Kumar, chairman and managing director (CMD) of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud. The were arrested special Prevention of Money Laundering Act (PMLA) in year 2021.
The agency, prior to the arrest, also raided at least nine premises in Delhi and Haryana. “During the searches, various incriminating documents and digital evidences have been recovered,” it said. The ED case filed under criminal sections of the PMLA is based on a CBI FIR that was filed early this year against Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI). The CBI complaint came after the SBI registered a complaint against the company.