A woman, her son and daughter-in-law
of village Gitorni, under Mehrauli police station in Delhi, reportedly
engaged in making films/TV serials etc, have been charged with cheating
the UP Financial Corporation (UPFC). They got a loan of over Rs 2 crore
sanctioned by offering the GK-II, New Delhi, property of acting Chief Justice
of Allahabad High Court as collateral guarantee based on forged documents.
A case of cheating and forgery was registered at the Sector 5) police station,
SP (City) R. K. Chaturvedi said.
Soon after the detection of the payment of
Rs 75 lakh as loan recently to another unit on forged documents, the MD
of UPFC, Mr Ashok Khurana, had issued orders holding the respective law
officers responsible and asking them to check and verily the authenticity
of documents with extra care. This reportedly led to the discovery of the
forged documents presented by the trio, promoters of Antriksh Comnnmications
The company is earlier reported to have taken
a short-term loan from the PICUI of about Rs 1.50 lakh, got its period
extended and later defaulted in the payment of 80 per cent of the amount,
reliable sources said. The PICUP was taking steps for the recovery from
the collateral guarantor whose farm house had been mortgaged,
Mr Rajesh Bajaj, his wife Mrs Sapna and bis
mother Mrs Gulshan, the three promoters of ACL, named in the FIR, bad applied
for loan from the UPFC here in September last year. In December a term
loan of Rs 1.50 crore and Rs 67.74 lakh for leasing of super computers
was sanctioned by the UPFC, after preliminary verification. But subsequently,
the then Regional Manager was transferred. They had offered a property
in Greater Kailash-II (S-551), owned by one Mr Ravi S. Dhawan, valued at
over Rs 5 crore as collateral guarantee and a lease deed in the name of
Mr Dhawan was also produced. The property of the unit, in Noida, D-88,
Sector 7, was also offered besides the machinery, it was learnt.
In fact, the General Manager of the Jamia Cooperative
Bank is reported to have verified the photo and signatures of the man who
claimed to be Mr Ravi S. Dhawan. Ax the Law Officer, dealing with this
case was on leave, the new RM is reported to have assigned this to
Mr Avdesh Kumar Srivastava, for verification and execution of the legal
documents. When the LO went to Greater Kailash-II be found that the property
(S-511) indeed belonged to Mr Ravi S. Dhawan, who .was presently Acting
Chief Justice of Allahabad High ourt. On verification from Justice Dhawan,
the document of lease deed presented to the UPFC was found to be a forged
On getting the sanction of the MD a case under
Section 420,467, 468 and 471 of the IPC was registered at the Sector 20
SP (City) R. K. Chaturvedi said, that the police
were not aware that the trio had also taken a loan of Rs 1.50 crore from
the PICUP as this fact had not been mentioned in the UPFC report. "We are
examining the documents and arrests will be made soon", he added.
There seems to be a gang operating behind the
scenes in getting loans sanctioned from the State financial institutions
like PICUP and UPFC on the basis of forged documents. Recently a case of
"PICUP having been cheated to the tune of Rs 10 crore, in connivance with
the staff was reported.
The loan was reported to have been paid without
the proper mortgage documents.
WEST Bengal Industrial Development
Corporation (WBIDC) has started wooing farmers in the state, in a bid to
help make the agriculture technology show organised by the Bengal Chamber
of Commerce & Industry a success. The show is scheduled to be held
With drought conditions prevailing in many
parts of the state, a fair on agriculture might have floundered without
support from all quarters.
WBIDC is writing to the zila sabhadhipatis
of all districts, in an effort to get a sizeable representation from the
farmer community at the Krishitech'99 show.being held in Calcutta irom
WBIDC executive.director ML Meena told The
Financial Express "We are writing to the political leadership at the district
level and coordinating between various government departments and Industry
to ensure the show's success."
WBIDC is also trying to interact with
industry and farmer bodies of other states on this issue.
Although-the plan to organise the show had
been drawn up by BCCI a long time ago it was only recen.tly that the chamber
sought the help' of WBIDC, when its vice president BD Bose wrote to the
WBIDC managing director, sources said Realising the opportunity to promote
agriculture technology, and equipment industry in the state. WBIDC took
an interest in promoting the show.
Though the state administration claims success
on the agriculture front, it is also true that there has not been much
development on the agri-technology front. There are no agricultural equipment
manufacturers in the state. While the affluence and buying power among
the rural community has increased not many industries has come into cash
in on that.