3 dupe realty firm’s ex-di­rec­tor of crores, EOW reg­is­ters FIR

Hindustan Times ST (Mumbai) - - HTMETRO - Vi­jay Ku­mar Ya­dav

MUMBAI: The Eco­nomic Of­fences Wing (EOW) of the city po­lice has reg­is­tered a sec­ond FIR against three di­rec­tors of a realty firm for al­legedly si­phon­ing off ₹7 crore from the com­pany’s ac­count and cheat­ing an ex-di­rec­tor.

In the com­plaint, ex-di­rec­tor, Ra­makant Pandey, al­leged that di­rec­tors – Akhilesh Choubey, his brother Alok Choubey and Vi­jayshankar Tri­pathi – si­phoned off money from the firm’s bank ac­count and forged his sig­na­ture for il­le­gal acts.

The EOW reg­is­tered an FIR (of which HT has a copy) for cheat­ing, forgery and crim­i­nal con­spir­acy. How­ever, Akhilesh has termed all al­le­ga­tions base­less. “It’s purely a civil dis­pute.”

In 2010, Akhilesh of­fered Pandey an ex­or­bi­tant profit as re­turns for in­vest­ing cap­i­tal to buy (floor space in­dex) FSI in a Slum Re­ha­bil­i­ta­tion Au­thor­ity (SRA) pro­ject in Dahisar (East).

The com­plainant al­leges that the ac­cused al­legedly took money from Pandey through the bank ac­counts of RA Cor­po­ra­tion, a part­ner­ship firm of Pandey and Akhilesh. The ac­cused then formed Choubey Real­ties Pri­vate

Lim­ited and Pandey was of­fered 50% share in the firm. How­ever, Pandey was not made a di­rec­tor.

In his com­plaint, Pandey al­leged that Choubey Real­ties bought a 2,376 square me­tre plot in Rawal­pada, Dahisar, with­out in­form­ing him. When Pandey con­fronted Akhilesh, he said pro­ce­dure to make him di­rec­tor was un­der­way and only af­ter that he could have a say. In May 2012, Pandey was made di­rec­tor, but Akhilesh’s CA Vi­jayashankar Tri­pathi was also made di­rec­tor and Pandey’s share in the firm was re­duced from 50% to 42%. In 2016, Pandey sus­pected mis­use of com­pany funds and ob­tained trans­ac­tion de­tails of the bank ac­count. Pandey­saidtheac­cused si­phoned off com­pany money by show­ing fake trans­ac­tions with dif­fer­ent com­pa­nies and part­ner­ship firms be­long­ing to Akhilesh, Alok, Tri­pathi and their rel­a­tives. All trans­ac­tions were done with­out in­form­ing Pandey. “They have signed var­i­ous MOUS, joint ven­ture agree­ments and also is­sued al­lot­ment let­ters with­out board ap­proval and my knowl­edge,” al­leged Pandey.

Pandey said on April 29, 2017,, in the Ex­tra Or­di­nary Gen­eral Meet­ing of the com­pany, he and the ac­cused had a heated ar­gu­ment. Pandey left the meet­ing with­out sign­ing the at­ten­dance reg­is­ter. Akhilesh forged Pandey’s sig­na­ture and ap­proved the res­o­lu­tion. The same was later used for a de­vel­op­ment con­tract with a pri­vate firm. Pandey was then re­moved from the di­rec­tor’s post. Akhilesh, how­ever, claims that Pandey him­self left the com­pany when it started fac­ing fi­nan­cial trou­ble.

“I chal­lenge Pandey and EOW to prove that sig­na­ture on the min­utes (of the meet­ing) does not be­long to him. He has signed in pres­ence of all the di­rec­tors and staff of the com­pany,” Akhilesh claimed.

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