EOW files FIR against Birla Power Solutions
The Economic Offences Wing of The Mumbai Police has filed an FIR against Birla Power Solutions, a Yash Birla Group Company for defaulting in repayments of fixed deposits to investors.
So far, 28 investors have come forward and filed a case against the company as they have not received their money despite the tenure coming to an end.
EOW received the complaint on December 31 and will call the management of the company for interrogation. So far the complaints received are for Rs 28 crore under MPID (Maharashtra Protection of Interest of Depositors) act for cheating.
The Enforcement Directorate is also looking into the matter. Earlier this month, the Income Tax Department also carried out investigation on the company.
Read full article: Business Standard
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