Gautam Buddha Nagar Police has filed a chargesheet against DMI Finance Pvt. Ltd and Stellar Group companies. Abhi Compusoft Pvt. Ltd had made serious allegations against DMI Finance Pvt. Ltd and Stellar Group companies of embezzlement of Rs 52 crore and making fake documents, after which the police started investigation and filed a chargesheet.
What is the whole matter
In the year 2018, DMI Finance Pvt. Ltd had allotted Rs 55 crore for the development of a project. As per the conditions, this money was to be used only for the project. Whereas DMI Finance Ltd and Stellar Group companies are accused of using this money to repay their personal loans and embezzling Rs 52 crore. This was clearly a violation of the agreement under which Rs 55 crore was allotted.
It is alleged that DMI Group issued Rs 33 crore out of the allotted Rs 55 crore to one company and then transferred it from that company to another company. After which this money was used to repay the loan of DMI Group. Not only this, DMI and Stellar Group prepared fake documents to carry out this fraud, which is a separate crime. Yuvraj Singh, Shivashish Chatterjee, Vivek Gupta, Puninder Bhatia of DMI Private Limited and Ravi Mohan Sethi and Akshay Sethi of Stellar are accused of carrying out this entire fraud.
Abhi Compusoft Private Limited filed a complaint
After getting information about this irregularity, Abhi Compusoft Private Limited filed a complaint with the police. In the case, the court ordered an investigation against both the accused parties. The investigation revealed that the money was used for other works instead of the development of the project.
Court proceedings and charge sheet
The High Court has stayed the charges against DMI Finance Private Limited in this entire case. Whereas, a charge sheet has been filed against the companies of Stellar Group. It is being told that the court may hear the case soon.
