Ed killed red in three places of Gurugram, the necessary documents recovered

Gurugram, October 3 (IANS). The Gurugram Zonal Office of the Enforcement Directorate (ED) performed a search operation in 3 Adivasian and commercial Camples in Gurugram, a promoter of the Shravanhi group Dandmudi Venkateshwar Rao, Shravanhi InfraBratech Private Limited and his group of Company Shravav (SEPL) under the provision of the Money Launder (PMLA) 2002. Hithro Power Corporation Limited (HPCL) and its directors Amul Gabrani and Ajay Kumar Bishnoi were searched under PMLA 2002 in connection with the continued investigation into public funds and the ongoing investigation to convey it to the respective institutions and HPCl. caused to the banks. The cost of fraud declared by the complainant banks was cheated by Rs 346.08 crore during the year 2009 to 2015. The ED launched an investigation on a charge of criminal conspiracy, fraud and criminal misconduct by the accused on the basis of fir registered under the IPC, 1860 and the prevention of Corruption Act, 1988 by the CBI and thus did themselves wrong. The ED investigation revealed that Shravanthi Infratech Private Limited (Sipl) is a debtor of more than Rs 10 crore from 2013-15, which has not been recovered so far. In addition, the investigation revealed that during the FY 2018-19 and 2019-20, the shares of SPL worth Rs 18.43, which has an enrolled price of Rs 10 per share, with its bankers (Klass-A share), at highly concession prices, that is, only Rs 10 per share, its foreign investors. Despite the fact that SPL recorded a positive Ebitda of more than Rs 210 crore in both years, it was sold at a rate of 0.25 per share. During the search proceedings, various offensive documents were collected with regard to property registration members, gift deeds, stock purchases, coordination of bankers and arch loans, correspondence with HPCL and its group enterprises, accounting books from SPL and its group companies, buying order with HPCL, work ordering, sharpening, etc.