Tag: Businessman

ED attaches assets worth Rs 7.07 cr of UP based businessman in fraud case

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New Delhi: The Enforcement Directorate (ED) on Tuesday said it has attached 20 immovable properties worth Rs 7.07 crore in the form of land of the Anee group of companies — Anee Bullion Industries Pvt Ltd, Anee Commodity Brokers Pvt Ltd. and Anee Securities Pvt. Ltd. and its promoter, director Ajit Kumar Gupta — situated at Lucknow, Amethi and Delhi.
The ED said that a case under the Prevention of Money Laundering Act was initiated in 2019 on the basis of various FIRs and complaints registered by the UP police against Ajit Kumar Gupta and various other persons and private firms for cheating and fraud to the tune of Rs 110 crore.
They lured the public to invest in various fraudulent schemes with the intention to defraud them of their invested amounts.

“Anee Bullion Industries Pvt Ltd, Ajit Kumar Gupta and others dishonestly and fraudulently acquired money from public in the guise of Daily Deposit Scheme, Monthly Recurring Scheme, Fixed Scheme, etc by offering high returns varying from 20% to 40 % on these schemes. Investors’ money, thus collected, was layered and rotated through the platform of various companies of the ‘Anee Group’ and was used for purchase various immovable properties in the name of Ajit Gupta and others,” the official said.
Further investigation in the matter is on.
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#attaches #assets #worth #based #businessman #fraud #case

( With inputs from www.siasat.com )

April 11, 2023
Businessman kidnapping case: Charges framed against Atiq Ahmad, son, 15 others

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Lucknow: A special court here on Friday framed charges against gangster-turned-politician Atiq Ahmad, his son Umar Ahmad and 15 others in connection with the kidnapping of businessman Mohit Jaiswal in 2018.
Special court judge Ajai Vikram Singh directed the prosecuting agency CBI to produce its witnesses before it on April 17.
Atiq was produced in the court through video conferencing. The remaining accused were present in the court.

According to the prosecution, the FIR in the matter was registered at Krishna Nagar police station on December 28, 2018 based on a complaint filed by businessman Jaiswal.
It was alleged that Atiq Ahmad, while in jail, got him kidnapped through his associates from his office at Gomtinagar. Later, he was taken to Deoria jail where Atiq Ahmad got him assaulted, obtained his signature on a blank paper and then grabbed his property worth Rs 45 crore.
Following the Supreme Court’s directions, the Central Bureau of Investigation (CBI) took up the investigation in the case on June 12, 2019.
In the course of its investigation, the CBI had filed four separate charge sheets.
Recently, an MP-MLA court of Prayagraj had held gangster-turned-politician Atiq Ahmad and two others guilty in the 2006 Umesh Pal kidnapping case and sentenced them to rigorous imprisonment for life.

This was the first conviction of Ahmad who faces more than 100 cases. A former Samajwadi Party (SP) MP, Ahmad is currently lodged in Sabarmati jail in Gujarat.
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#Businessman #kidnapping #case #Charges #framed #Atiq #Ahmad #son
( With inputs from www.siasat.com )

April 7, 2023
Pakistan: Sikh businessman shot dead by unknown gunmen in Peshawar

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Peshawar: A Sikh businessman was shot dead on Friday by unknown assailants here, in the latest incident of targeted attacks against minority communities in Pakistan.
The incident took place at 3 pm when armed men on a motorcycle opened fire at Dayal Singh, a businessman in Peshawar’s Dir Colony area, police said.
The gunmen fled the scene after committing the crime, they said.
Police have collected 30 bore bullet shells from the site of the crime. CCTV footage from the shop has been obtained and the police have launched an investigation into the attack.
The Peshawar killing comes a day after a Hindu doctor was shot dead by unknown assailants in Karachi.
Last week, shopkeepers from the minority Hindu community were assaulted in the Sindh province for “allegedly violating the Ramzan ordinance,” according to the Express Tribune newspaper.
About 15,000 Sikhs live in Peshawar, mostly in the Jogan Shah neighbourhood of the provincial capital Peshawar.
Most of the members of the Sikh community in Peshawar are involved in business, while some also have pharmacies.

In September last year, a well-known Sikh hakeem’ (Unani medicine practitioner) was shot dead by unidentified gunmen inside his clinic in Peshawar.
In 2018, Charanjit Singh, a prominent Sikh community member, was killed by unknown men in Peshawar.
Similarly, news channel anchor Ravinder Singh was killed in 2020 in the city. In 2016, Pakistan Tehreek-e-Insaaf National Assembly member Soren Singh was also killed in Peshawar.
Hindus form the biggest minority community in Pakistan.
According to official estimates, 75 lakh Hindus live in the Muslim-majority country.
Muslims account for about 96 per cent of Pakistan’s 207 million population, Hindus 2.1 per cent and Christians about 1.6 per cent according to the Human Rights Commission of Pakistan estimates.
The majority of Pakistan’s Hindu population is settled in Sindh province where they share culture, traditions and language with their Muslim residents.
The Ahmadis, Sikhs and Parsis are also among the notable religious minorities in Pakistan.
(Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)
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#Pakistan #Sikh #businessman #shot #dead #unknown #gunmen #Peshawar
( With inputs from www.siasat.com )

March 31, 2023
Delhi: 2 BJP leaders booked for demanding Rs 15 lakh from businessman

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New Delhi: An extortion case has been filed against two BJP leaders in Delhi, Siyaram Shakya and Dheeraj Pradhan, for allegedly demanding Rs 15 lakh from a businessman to let him construct his house.
The FIR was lodged with the Dabri police station in Dwarka district on March 29. Pradhan is said to be the Mehrauli district vice-president of BJP, while Shakya is reportedly a local BJP leader.
The businessman, Chaman Prakash Saxena, a resident of East Kidwai Nagar, has alleged that he was asked to pay Rs 15 lakh by the accused to settle their score.
“I was lawfully constructing a property at Raja Puri in Uttam Nagar. But Siyaram Shakya fabricated a civil case against me. When I tried to resolve the issue, Shakya asked me to come the office of Dheeraj Pradhan, where they demanded Rs 15 lakh from me to settle the matter out of court. Pradhan is facing court trials and was held guilty is one of the cases,” Saxena alleged in the FIR, which has been accessed by IANS.
The complainant alleged that he was in fear that the accused may harm his family members.
Saxena also said that on March 6, a civil judge in Dwarka had vacated a stay order and directed him to repair the property of Shakya.
“I didn’t damage their property. I just wanted to resolve the matter. I had asked Shakya to show where his property was damaged so that I could get it repaired, but he threatened me,” Saxena alleged.
He also said that on March 11, when he resumed construction work of his own property, he was again threatened by Shakya to pay Rs 15 lakh or face dire consequences.

According to sources, no arrests have been made in the case so far.
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#Delhi #BJP #leaders #booked #demanding #lakh #businessman
( With inputs from www.siasat.com )

March 31, 2023
Delhi businessman, friend assaulted by bouncers at hotel; case lodged

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Delhi: A 29-year-old businessman and his friend were allegedly assaulted by bouncers at a five-star hotel in the Janpath area, police said.
In a purported video of the incident, the bouncers are seen approaching a group of men and the two parties getting into a fistfight. The bouncers are also seen thrashing, punching and kicking the victims.
The police said on Sunday that the victim and his friend got into an argument with the bouncers outside a club at the hotel over entering the establishment.
The alleged incident took place on March 8 when the businessman, his wife and their friends had gone to the hotel for a Holi party, the police said.
The victim was outside with his friend while his wife was inside the club. Around 7-8 pm, he was stopped by the bouncers when he tried to enter the establishment.
He alleged that the bouncers did not allow them inside on the grounds that “stag” entry was not allowed and hurled abuses at them, the police added.
The victim claimed that they were beaten up with sticks and rods.
He was taken to a nearby hospital for treatment, a police official said, adding a case had been registered.

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#Delhi #businessman #friend #assaulted #bouncers #hotel #case #lodged
( With inputs from www.siasat.com )

March 20, 2023
Delhi excise policy case: Court sends liquor businessman to 5-day ED custody

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New Delhi: A court here on Thursday sent liquor businessman Amandeep Dhall to five-day Enforcement Directorate custody for interrogation in a money-laundering matter related to the Delhi excise policy scam case.
Special Judge Vikas Dhull sent the accused to the agency’s custody after it produced him before the court and sought his custodial interrogation.
The Enforcement Directorate (ED) told the court that Dhall was required to be confronted with the other accused persons in the case to unearth the larger conspiracy and find out the money trail.
Dhall, the executive director of Brindco Sales Private Limited, was arrested on Wednesday night under provisions of the Prevention of Money Laundering Act (PMLA) following his questioning, the agency said.
Brindco is a major importer and distributor of a variety of liquor brands and related beverages.
According to a FIR lodged by the CBI, Aam Aadmi Party (AAP) functionary Vijay Nair, Manoj Rai, Dhall and Sameer Mahandru were actively involved in framing and implementing the Delhi government’s excise policy for 2021-22.
The ED’s money-laundering case stems from the CBI FIR, in which former Delhi deputy chief minister Manish Sisodia is currently in CBI custody.
In its second chargesheet filed in the case, the ED had appended the statement of another accused, Arun Pillai, who claimed that Dhall “had a good grasp of the Delhi liquor market and knew all the minute details of the (excise) policy changes”.

“Aman (Dhall) explained to them how the market will work and how to use the loopholes introduced in the policy to their advantage…,” the ED said.
The ED has filed two chargesheets or prosecution complaints in the case so far and arrested 10 people, including Dhal.
The excise policy was scrapped in August last year and the Delhi lieutenant governor subsequently asked the CBI to probe the alleged irregularities and corruption involving government authorities, bureaucrats and liquor traders, among others.
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#Delhi #excise #policy #case #Court #sends #liquor #businessman #5day #custody
( With inputs from www.siasat.com )

March 2, 2023
Indian-origin businessman jailed for COVID loan abuse in UK

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London: An Indian-origin businessman in south east England has been sentenced to 12 months’ imprisonment after admitting abuse of an interest-free loan offered by the UK government to businesses to cope with the Covid-19 lockdown.
Kulwinder Singh Sidhu, 58, from Stanwell in Surrey, pleaded guilty to offences under the UK Companies Act and the Fraud Act for having abused the Bounce Back Loan financial support scheme in 2020.
He was director of Wavylane Ltd, a haulage company based in Stanwell trading since 2010, and was found to have dissolved it soon after receiving a 50,000-pound taxpayer-funded loan and transferring the funds to a personal account.
“Our action has ensured repayment of the loan money and taxpayers have not been left out of pocket,” said Julie Barnes, Chief Investigator at the UK’s Insolvency Service.
“Any other company directors who might be tempted into dissolving their business to try to keep public money they are not entitled to, should be aware they are risking a lengthy prison term,” she said.
Under the UK government’s Bounce Back Loan scheme, genuine businesses impacted by the pandemic could take out interest-free taxpayer-backed loans of up to a maximum of 50,000 pounds.
Sidhu applied on behalf of his business on June 9, 2020, and it was paid into his company bank account.
On 26 June 2020, Sidhu filed paperwork with the UK’s Companies House to have the business dissolved.

The striking-off application to dissolve the company was explicit that interested parties and creditors, such as a bank with an outstanding loan, must be notified within seven days of making an application to dissolve a company.
The form also highlighted that failure to notify interested parties is a criminal offence, however, the Insolvency Service found Sidhu did not follow these rules.
The company was ultimately dissolved in October 2020 and went on to be identified as likely Bounce Back Loan fraud by the Insolvency Service and cross-government counter-fraud systems.
Their investigation found that Sidhu had “fraudulently” overstated the company turnover in the Bounce Back Loan application, and within two days of receiving the money he had transferred it to his personal account before dispersing the funds to his son and another company.
Sidhu went on to plead guilty at Guildford Crown Court in December last year and was sentenced this week at the same court, which also imposed a confiscation order for 50,000 pounds which has been paid in full.
In addition to the custodial sentence, Sidhu is disqualified as a company director for six years.
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#Indianorigin #businessman #jailed #COVID #loan #abuse
( With inputs from www.siasat.com )

February 15, 2023
Hyderabad: Businessman kidnapped, Rs 30 lakh taken as ransom

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Hyderabad: A gang of eight persons kidnapped a businessman and extorted Rs. 30 lakh from his family.
According to the police, the businessman B V Murali resident of Navodaya Colony, Yousufguda, on January 27 went to drop off his two children, (at a school Lal Bunglow, Opp. Green Lands Hotel, Ameerpet on a motorcycle.
While returning from school, five unknown persons, claimed to be Income Tax Officers and dragged him into an Innova parked nearby and forced him into it.
“One of the men was holding a knife in his hand, all of them beat me severely, did not allow me to shout or scream and forcibly closed my mouth. They forced me to sit between two persons and started beating me, terrorizing and threatening me with dire consequences,” the businessman told the police.
The alleged kidnappers drove towards Ramoji Film City and after crossing ‘Bata Singaram’, they stopped the car. The gang demanded Rs 60 lakh from him for his release and asked him to arrange the amount immediately.
“When I refused to pay money, they informed me that my brother-in-law Rajesh was already taken and asked me to talk to him. My brother-in-law informed me that he was being beaten black and blue by three people and was crying for his life and children. They also threatened that there is another team waiting at my house to take my wife, if I fail to pay them the demanded money,” he alleged.
The wife of the businessman handed over Rs 30 lakh to three persons at Nampally railway station. After getting confirmation that they received money, they left him at Hayathnagar road and using a private transport he reached the city.
Murali told the police that the gang had threatened to kill his whole family if he lodged a complaint.

“They assured me that they will deposit the amount as my income tax and issue me a clearance certificate within a week. But despite my waiting no reply from them and this indicates that they are unsocial elements, indulged in daylight dacoity,” he added in his complaint.
The police registered a case and are investigating.
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#Hyderabad #Businessman #kidnapped #lakh #ransom
( With inputs from www.siasat.com )

February 5, 2023
Abducted Kashmiri Businessman Rescued From Punjab

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SRINAGAR: A 40-year-old Kashmiri businessman, who was abducted by his two business partners from Delhi’s Kashmiri Gate area, was rescued from Punjab, an official said on Saturday.
After six hours, Delhi Police along with its counterpart Punjab Police managed to rescue the victim and nabbed the kidnappers from Phagwara in Punjab.
The accused have been identified as Nishar Ahmad (48) and Imtiyaz Ahmad (48) –both residents of village Pahroo Navgav, district Budgam in Jammu and Kashmir.
Deputy Commissioner of Police (north), Sagar Singh Kalsi, said that on Friday, a Police Control Room (PCR) call was received at Kashmiri Gate police station regarding the kidnapping of a man from the area.
“The call was received from a Kashmir-based number and on initial enquiry, it was revealed that two Kashmiris have abducted one man from Hare Rama Travels in the area. The CCTV footage near the travel agency was analysed and it was revealed that the accused abducted Sayad Tarikh in a taxi,” said the DCP.
“A case under relevant sections of Indian Penal Code was registered and after scanning CCTV footages, it was found that the taxi- swift dzire — is going towards Kashmir through G.T. Karnal Road. The police teams tasked with investigation immediately chased and a W.T. message was also flashed subsequently to police of Haryana and Punjab,” said the DCP.
The taxi was intercepted at Phagwara, with the help of Punjab Police and the victim was safely rescued from the clutches of the accused.
During interrogation, it was revealed that both the victim and the accused are business partners and there is a monetary dispute of Rs 55 lakh between them.

“The victim was not in a position to repay his debt. When the victim opposed paying his debt, both the accused threatened to kill him and asked him to quietly go with them to Jammu and Kashmir and if he spoke to someone in-between, his dead body would not be found,” said the official.
“The duo accused was planning to recover Rs 55 lakh from the family members of the victim after the abduction. The accused also impersonated police officers before the taxi driver who was hired by them,” said the official.

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#Abducted #Kashmiri #Businessman #Rescued #Punjab
( With inputs from : kashmirlife.net )

February 4, 2023
Kashmir’s Pominent Businessman Jan Muhammad Koul Passes Away

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SRINAGAR: Prominent businessman of Kashmir Jan Muhammad Koul is no more.
In a statement Kashmir Traders Alliance has condoled the demise of prominent businessman and trader of Kashmir, Jan Muhammad Koul.
Expressing sympathy with bereaved family, President KTA, Ajaz Shahdhar expressed shock over the demise of Koul.J
“Jan Sahab was our mentor who was respected by all in the business fraternity for his behavior and conduct. He was Kashmir’s veteran trader who had served and led prominent trader bodies in the Valley,” reads the statement.
KTA prayed for the departed soul and expressed sympathies with the bereaved family.
His death has left has a big void in business fraternity of Kashmir.

Previous articleJeM Module Busted, 6 Arrested: Police

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#Kashmirs #Pominent #Businessman #Jan #Muhammad #Koul #Passes

( With inputs from : kashmirlife.net )

February 3, 2023