FIR Against Subhash Chandra-Led Essel Group For Embezzling Rs 100.61 Cr
An FIR has been lodged against Subhash Chandra led Essel Vidut Vitaran (Muzaffarpur) Limited by the officers of North Bihar Power Distribution Company Limited (NBPDCL) here for embezzling whopping Rs 100.61 crore. Eight employees along with Essel have been made accused in the case.
The FIR has been registered under sections 420, 409, 406, 120 B and 407 of the IPC in Sadar Police station here. Sadar Station House Officer Anjani Kumar Jha said the probe into the matter has begun.
2013 Agreement
Essel got into an agreement with NBPDCL in June 2013 according to which Essel took responsibility of power distribution and revenue collection of eight divisions including the Muzaffarpur district in November 2013. In this regard, Essel was instructed to deposit Rs 18 crore in the government’s escrow account every month. But Essel failed to deposit the amount post agreement.
The case came to light in March 2015
In March this year when NBPDCL checked the account they found out that Essel never deposited the required amount therein. Thereafter, the firm shared information with the main office in Mumbai and local business head Sanjay Kumar. It was revealed that the officers of the Vidut Vibhag had a meeting with those of Essel in June 2015. NBPDCL also sought all its records from Essel and after going through the records, the embezzlement of whopping Rs 100.61 crore came to light.
The officers of NBPDCL, namely Vice Managing Director B K Mishra, Executive Engineer Jayant Kumar Dubey and Acconts Offcier Aakash Kumar lodged the FIR.
Read full article: News World India
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