Noida, Raftaar today. Noida A huge scam has come to light in which DMI Finance Private Limited and four directors of Stellar Group But Fraud and fraud worth millions of rupees There are accusations of. Noida Police at Gautam Buddha Nagar district and sessions court A charge sheet has been filed for, in which Stellar Group promoter and former IAS officer Ravi Mohan Sethi, his son Akshay Mohan Sethi and two other directors. Serious accusations have been made. The court has started the trial in this case. Right there, DMI Finance Private Limited Some of the directors obtained relief from the High Court, which further complicated the matter.
What’s the whole scam thing about?
DMI Finance Private Limited 2018 one in 55 crore to Stellar Group for development of real estate project A loan of Rs 10,000 was provided, which was to be used solely to invest in the project. But it is alleged that this Finance much of, close to 52 crore to repay personal loan Used in. Once the investigation into this embezzlement of funds has begun Police complaint filed by Abhi Compusoft Private Limited This was done, following which the Noida police registered an FIR.
List of defendants and court position
Noida Of Sector-113 Police Station against eight people in this case Case under sections 406, 409, 420, 467, 468, 471, 504 and 506 of IPC. He entered. among the accused Stellar Group CEO Ravi Mohan Sethi, his son Akshay Sethi and DMI Finance Ltd executives Yuvraj Chanakya Singh, Shivashish Chatterjee, Vivek Gupta and Puninder Bhatia. Also included. The police investigation that lasted two years made it clear that the money was not used for the intended project, but to settle personal debts.
The High Court gave relief to some directors, what is the allegation of the police in the charge sheet?
Proof based on Police filed charge sheet In which the defendants are also accused of using false documents. The High Court has remanded DMI Finance Limited directors Yuvraj Singh, Shivashish Chatterjee, Vivek Gupta and Puninder Bhatia. He has been granted a provisional measure. Although, Star group directors But the action continues. According to the police, this is a clear case of using funds for personal gain.
Great example of business fraud
this case Financial entities and real estate companiesMany questions have been raised about their mutual relationships. This case has become an example not only of fraud but also of financial transparency and fraud. The next hearing of this case will be held in court soon, in which other aspects of this scam will also be discussed. Abhi Compusoft Pvt Ltd Spokesperson He said they will fight this scam till the last breath and demand strict action against all the culprits.
Now it remains to be seen what verdict the court will give in this case and DMI Finance and Stellar Group To what extent has the veracity of these serious accusations against companies been proven?
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