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Jagran correspondent, New Delhi. The Economic Offenses Wing (EOW) of Delhi Police has registered a complaint against a Gurugram-based road construction company and its directors on charges of defrauding a non-banking financial company (NBFC) worth crores of rupees, criminal breach of trust and conspiracy. In the preliminary investigation, the amount of fraud has been estimated to be around Rs 10 crore.
According to police, Aditya Jain, director of an NBFC based in Preet Vihar area, had lodged a complaint with the EOW. The complaint alleged that the directors of a Gurugram-based road construction company exaggerated their company's financial position, business and projects. On the basis of these misleading claims, the complainant company sanctioned him a huge loan.
The accused had claimed that their company manufactures RBI Grade-81 Soil Stabilizer and they have contracts for large-scale highway and infrastructure projects. Relying on these claims, Aditya Jain's company gave a total loan of Rs 4 crore under two separate agreements in April and June 2022.
It was also told in the complaint that under the loan agreement, the complainant company was given seven and a half percent stake in the road construction company. Also, a condition was fixed that without the consent of the complainant, neither any change would be made in the share holding pattern of the company nor there would be any amendment in the board of directors.
Will soon summon the accused for questioning
It is alleged that despite this, the accused reduced the complainant's stake by issuing new shares and also appointed a new director without permission. When the time came to repay the loan, the accused made various excuses to postpone the payment. When pressure increased, he gave five checks worth Rs 5.69 crore, but when presented at the bank, all the checks bounced. It was told by the bank that the signatures on the check did not match, due to which the payment could not be made.
EOW conducted an investigation on the basis of the complaint, in which it came to light that the total amount of fraud could be around Rs 10 crore. The police are now thoroughly investigating the role of the accused, misuse of funds and documents related to the transactions of the company. EOW will soon summon the accused for questioning, after which further legal action will be taken in the case.