Staffer held for extortion bid on Thapar Group executive

The corporate affairs head of a Thapar Group-owned company along with his aide has been arrested for allegedly trying to extort Rs 25 crore from the Group’s senior executive who was part of Prime Minister Narendra Modi’s business delegation during his three-nation tour.

Jaspal Singh (47), heading corporate affairs of Thapar Group enterprise Ballarpur Industries Limited, and his associate Deepak Kishore (43) were arrested by Special Cell of Delhi Police.

“Being a very senior executive, Singh was well versed with the business deals of the company as well as the minute details of the family life and children of the corporate bosses. He had hired accused Deepak Kishore and made a well thought-out plan to execute the extortion threats using this knowledge,” said Deputy Commissioner of Police (Special Cell) Sanjeev Kumar Yadav.

On Tuesday, a complaint was received in the Special Cell on behalf of Anil Bhargava, director of Avantha Group, a USD 4 billion enterprise which owns among others Ballarpur Industries and Crompton Greaves.

“Threatening calls were being made to Bhargava and SMS containing details of family members of the victim were sent on the cell phone number of Gautam Thapar (another top executive) as well as on the number of the Personal Secretary of the victim demanding an amount of Rs 25 crore as ‘protection money’ from the recently concluded sale of a power project of the company in Chhattisgarh to Adani Group,” said Yadav.