MUMBAI: The city economic offences wing (EOW) of the Mumbai police on Wednesday summoned Balbir Singh Uppal, the director of Loil Overseas Foods, Loil Continental Food and Loil Health Foods, in connection with the Rs 5,600-crore NSEL scam. The three companies together defaulted over Rs 703 crore to NSEL.
According to details earlier published by NSEL, initially Loil Continental Foods had an outstanding of Rs 335 crore, Loil Health Foods Rs 289 crore and Loil Overseas Foods Rs 84.5 crore. Part of this was paid off by the three companies during the initial months.
Rajvardhan Sinha, additional commissioner of police (EOW), said that they summoned Jagmohan Garg, director of Mohan India, too, for questioning. "Till date, we have identified 166 properties belonging to different defaulters. Of these properties, we have attached 102 properties and are busy in other properties. The EOW has frozen various bank accounts and sealed properties collectively worth Rs 145.57 crore," Sinha said. Among the attached properties, 12 belong to N K Proteins and are located in Mumbai, Ahmedabad and Delhi.
"We will be making some arrests in the case soon and don't want to disclose the findings of our probe. We are collecting evidence against the accused and will be attaching some more properties in the days to come," Sinha said. The police have so far arrested five persons in this case.
Jignesh Shah, chairman of the FTIL group, the promoters of NSEL, will again be summoned for questioning, said a police source.
"While we had issued summons to 74 people, more than 70 have turned up till date. Some of them did not come for questioning citing health reasons. We are not in a hurry. We are in the process of recording and corroborating statements," said a police officer.
Courtesy:
Mateen Hafeez, TNN | Nov 14, 2013, 06.33AM IST
http://timesofindia.indiatimes.com/business/india-business/Cops-summon-another-defaulter-in-NSEL-scam/articleshow/25730501.cms
According to details earlier published by NSEL, initially Loil Continental Foods had an outstanding of Rs 335 crore, Loil Health Foods Rs 289 crore and Loil Overseas Foods Rs 84.5 crore. Part of this was paid off by the three companies during the initial months.
Rajvardhan Sinha, additional commissioner of police (EOW), said that they summoned Jagmohan Garg, director of Mohan India, too, for questioning. "Till date, we have identified 166 properties belonging to different defaulters. Of these properties, we have attached 102 properties and are busy in other properties. The EOW has frozen various bank accounts and sealed properties collectively worth Rs 145.57 crore," Sinha said. Among the attached properties, 12 belong to N K Proteins and are located in Mumbai, Ahmedabad and Delhi.
"We will be making some arrests in the case soon and don't want to disclose the findings of our probe. We are collecting evidence against the accused and will be attaching some more properties in the days to come," Sinha said. The police have so far arrested five persons in this case.
Jignesh Shah, chairman of the FTIL group, the promoters of NSEL, will again be summoned for questioning, said a police source.
"While we had issued summons to 74 people, more than 70 have turned up till date. Some of them did not come for questioning citing health reasons. We are not in a hurry. We are in the process of recording and corroborating statements," said a police officer.
Courtesy:
Mateen Hafeez, TNN | Nov 14, 2013, 06.33AM IST
http://timesofindia.indiatimes.com/business/india-business/Cops-summon-another-defaulter-in-NSEL-scam/articleshow/25730501.cms
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