EOW files FIR against IL&FS Rail officials
New Delhi: Economic and Offences Wing of Delhi Police on Friday claimed that they have registered a case against the officials of IL&FS Rail Ltd. The police claimed that Ashish Begwani who is director of Enso Infrastructures (P) Ltd alleged that in August 2010, he was approached by officials Ravi Parthasarathy, Hari Shankaran, and K Ramchand all directors of IL&FS Transportation Networks Ltd.
Deputy Commissioner of Police (EOW) Varsha Sharma claimed that allured by the tall promises, Enso Infrastructures (P) Ltd agreed to invest in the company IL&FS Rail Ltd and invested Rs 170 crore in order to take 15 per cent shares of IL&FS Rail Ltd, a Special Purpose Vehicle (SPV) for Gurgaon Metro project.
However, over a period of time, the complainant observed that the company is not performing profitably and funds are being misused.
DCP Sharma further claimed that in May 2018, the complainant came across copies of demand notices served by Income Tax Deptt upon IL&FS Rail Ltd. Deputy Commissioner of Income Tax, Gurugram had passed assessment orders concluding that IL&FS Rail Ltd had issued bogus contract orders to Silverpoint Infratech Ltd when in fact no work was executed by this company.
A Delhi Police press statement claimed that the invoices raised by the Silverpoint Infratech Ltd are forged and fabricated. IL&FS Rail Ltd has done so to inflate its expenditure and show less profit in its books. The amount of about Rs 21.88 Cr so paid to Silverpoint Company is not an actual expenditure incurred. It is alleged by the complainant that directors of the alleged company IL&FS Rail Ltd and other officers of the company intentionally siphoned off the funds of the company to the tune of about Rs 70 crore causing loss to the complainant company. The investigation is still going on. A case under sections 409, 467,468,471,120B IPC has been registered.