Company director arrested for swindling Rs 345 crore

  • | Saturday | 17th August, 2019

NEW DELHI: The Delhi Police's Economic Offences Wing (EOW) has arrested Awanish Kumar Mishra, Director of Allied Financial Services Pvt Ltd (AFSPL) for alleged misappropriation of funds to the tune of Rs 345 crore. In the complaint to the police, Gemawat said that Dalmia Cement was holding securities or mutual funds worth Rs 344.07 crore in two Demat accounts with AFSPL. In his complaint, Gemawat alleged, "Our erstwhile subsidiaries, OCL India Limited (OCL) and Dalmia Cement East Limited (DCEL) were interested in making mutual fund investments in 2017. Accordingly, we opened our Demat accounts in the name of DCEL." "After some time, we approached NSDL and they informed us on January 17 that there were no securities available in our Demat accounts.

Read Full Article Here

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Delhi Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles

Elderly man commits suicide in Mohan Garden
  • Wednesday | 18th September, 2019