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.
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