The Financial Offences Wing (EOW) of the Mumbai Police on Wednesday arrested one of many administrators of a Mumbai-based transport firm for allegedly duping a Netherlands-based CEO of an plane shopping for and promoting firm of Rs 4.5 crore.
In keeping with EOW officers, Ammeet Agarwal, director of Supreme Transport Organisation Personal Restricted, was arrested, whereas different administrators Kamal Agarwal, Akash Agarwal and Ammeet’s kin Natvarlal Tibrewal, Lata Tibrewal and their firm Shorelight Restricted, UK, had been booked within the case. All of them have been charged below sections 420, 409, 465, 467, 468, 461 and 34 of the Indian Penal Code.
Confirming the event, a senior EOW official advised The Indian Express that an FIR was filed on the criticism of Vishal Shukla, the authorized consultant of Netherlands nationwide Michiel Kneefel, who’s the president and CEO of “Air BV Monitor”, which is into shopping for and promoting of aircrafts. In addition they restore broken, unrepaired and crashed aircrafts and promote them.
As per the FIR, Kneefel realized by means of information experiences that in August 2018 an plane VT-UDN belonging to Supreme Transport Organisation Personal Restricted had crashed in Ganganagar Airport, Rajasthan. Kneefel contacted the director of the agency, Ammeet Agarwal, and requested him if he wished to promote the plane. Agarwal agreed and likewise cancelled its Indian registration.
On July 20, 2022, the 2 events entered into an plane buy settlement for USD 5.50 lakh (equal to Rs 4.50 crore).
As a part of the settlement, on August 5, 2022, Kneefel deposited USD 5.50 lakh in an ESCROW account (a typical checking account mutually opened by two events) belonging to Powell Plane Title Providers, US.
In keeping with the EOW, there may be already a authorized dispute between the administrators of Supreme Transport Organisation Personal Restricted and the authorized case pertaining to the dispute is already occurring earlier than the Nationwide Firm Regulation Tribunal, as a consequence of which properties belonging to the corporate can’t be bought.
In December 2022, an software was moved earlier than the court docket informing it that the plane VT-UDN of the corporate was being bought. Nevertheless, the court docket ordered a established order instructing the corporate to not promote it till the court docket takes a choice.
Kneefel was saved at the hours of darkness in regards to the authorized dispute relating to the plane, an EOW officer stated. On the directions of Ammeet Agarwal, in January 2023, Kneefel despatched USD 60,000 within the account of Supreme Transport Organisation Personal Restricted as Agarwal advised him that he wished to pay Jaipur Airport prices of the plane and likewise despatched an bill for a similar, states the FIR.
The plane was packed and dispatched to Mundra Port in Gujarat from Jaipur airport in a container on February 7, 2023. Amit Agarwal then referred to as Kneefel and requested him to ship the remainder of $4.90 lakh to the checking account of his uncle Natvarlal Tibrewal’s firm Shorelight Restricted in London, the FIR states. After informing the ESCROW account administrator, Kneefel transferred the cash to the stated account.
On Might 4, 2023, Kneefel obtained an electronic mail from the Axis Financial institution Worli department, informing him that whereas shopping for the plane, the Supreme Transport Organisation Personal Restricted had taken a credit score mortgage of Rs 12.50 crore from their financial institution and Rs 10.49 crore was nonetheless excellent. The financial institution additionally moved to DRT (Money owed Restoration Tribunal) court docket in Mumbai to recuperate the mortgage quantity and was within the means of seizing the plane.
In the meantime, the opposite administrators of Supreme Transport Organisation Personal Restricted (with whom Amit Agarwal has a dispute) approached the NCLT court docket in Mumbai and knowledgeable it that Ammeet Agarwal violated court docket’s order and was promoting one of many firms properties (plane). The court docket then instructed the customs division to to not allow the plane to exit, the FIR states.
After discovering the dispute, Kneefel contacted Ammeet Agarwal and requested him to return his cash. Nevertheless, Agarwal refused to return any cash and advised him that he must wait till the court docket matter is resolved.
The Netherlands nationwide then directed his authorized consultant to file a police criticism. Performing on the criticism, EOW arrested Agarwal on Wednesday. He can be produced within the court docket on Thursday.
In April 2022, Agarwal, 35, was additionally arrested for allegedly functioning as an honorary consul of the Democratic Republic of Congo (DRC) in India, regardless of the DRC authorities and the Ministry of Exterior Affairs (MEA) withdrawing his title from the publish 4 years in the past.
Honorary consuls usually take pleasure in social recognition and now have entry to senior authorities officers and the worldwide diplomatic neighborhood.