Gurugram (PTI), Sep 28: The owner of Gurugram’s largest garment firm was allegedly defrauded of Rs 2.45 lakh by a fraud gang who promised to loan him Rs 100 crore to save the company. Police here confirmed this on Thursday.
Sudhir Dhingra is the owner of Orient Craft Ltd., a four-decade old garment manufacturer based in Gurugram.
Dhingra, in his complaint, said that his business was in financial trouble and he needed to borrow money with interest.
According to police, on May 25, Tarun from Delhi called him. He said he was acquainted with Vikram, who is a Haryana-based financier.
Police said that when Dhingra called Vikram he told him he knew Nitin Garg, who had connections with some financiers and could help him to get the money at interest.
“On May 27, Nitin Garg, Tarun Manchanda and Vikram came to my office and offered to get me a loan of up to Rs 100 crore at 6 per cent interest per annum. The next day, I gave Nitin Garg all the necessary documents and information. After that, Nitin asked me to travel to Hyderabad for a meeting with the financiers,” Dhingra said in his complaint, according to police.
Dhingra stated that he visited Hyderabad on May 31 and was introduced to Srinivas Kndela, who was introduced to him as the financier’s representative.
In a meeting, it was decided that Dhingra will get two loans — first for Rs 2.50 crore within a day of entering the loan agreement and the second one for Rs 40 crore after the first one is paid off.
The first loan should have been paid back by 9 June with a 6 per cent interest.
Dhingra claims that he was offered a second Rs 40 crore loan with a term of 5-7 year and interest payable quarterly at a rate of 6%.
The police said that according to the agreement Dhingra should have paid Rs 2.50 lakh in advance interest at the time he paid the first loan. That amount was then to be applied to interest payable on the next loan.
“I agreed to the offer and on June 3, Srinivas Kandela came to Delhi to my office along with Vikram, Nitin and Tarun and a loan agreement was signed. On June 6, an amount of Rs 2.25,00.023 was deposited in my account.
“On June 15, I again visited Hyderabad … where 5 persons were present in the meeting. According to the agreement, I transferred Rs. 4.7 crores into the accounts for the lenders.
“They assured me that an amount of Rs 40 crore would be transferred to my account in 15 minutes. They asked me for 15 or 20 minutes to wait, saying that they would just return. But they never returned, nor was any money transferred into my account,” Dhingra said in the complaint.
According to police, a FIR was filed against the accused on Wednesday at the Sadar Police Station, under sections 120-B (criminal conspiracies) and 420 (cheating).
A police officer stated that an investigation is in progress and frauds are being sought. PTI COR vn vn
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