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Amtek Auto bank fraud under scrutiny in SC

Amtek Auto bank fraud under scrutiny in SC

The Supreme Court on Thursday asked Attorney General R Venkataramani to assure security to a journalist who has filed a petition against financial frauds and insolvency-related illegalities by Amtek Auto Limited.

The Bench headed by Chief Justice UU Lalit directed the Attorney General to look into the safety concern of the journalist, who alleged that he had been receiving threats from the company, which is facing charges of huge loan fraud of more than Rs 13,000 crore.

Journalist Jaskaran Singh Chawla in his petition said he is being stalked after he filed complaints against the company for cheating 27 banks and committing illegalities in the insolvency process in connivance with certain officials.

He sought direction from the Supreme Court for a thorough probe by CBI, ED and SFIO. The journalist said that the probe agencies are not acting on the massive bank scam and big irregularities in the insolvency process.

The journalist said in his petition that the Amtek Group again regained control of the companies using benami persons through totally illegal procedures by misusing the insolvency code. The petitioner pointed out that he was living in Noida and faces a threat of life.

He also claimed he was once physically attacked after he reported and complained to agencies about the violations and bank frauds by the company. 

The Bench also comprising Justices Ravindra Bhat and Ajay Rastogi appointed Advocate Kavin Gulati as Amicus curiae. The case is listed on November 3 for the next hearing.

Amtek Auto bank fraud under scrutiny in SC

Amtek Auto bank fraud under scrutiny in SC

The Supreme Court on Thursday asked Attorney General R Venkataramani to assure security to a journalist who has filed a petition against financial frauds and insolvency-related illegalities by Amtek Auto Limited.

The Bench headed by Chief Justice UU Lalit directed the Attorney General to look into the safety concern of the journalist, who alleged that he had been receiving threats from the company, which is facing charges of huge loan fraud of more than Rs 13,000 crore.

Journalist Jaskaran Singh Chawla in his petition said he is being stalked after he filed complaints against the company for cheating 27 banks and committing illegalities in the insolvency process in connivance with certain officials.

He sought direction from the Supreme Court for a thorough probe by CBI, ED and SFIO. The journalist said that the probe agencies are not acting on the massive bank scam and big irregularities in the insolvency process.

The journalist said in his petition that the Amtek Group again regained control of the companies using benami persons through totally illegal procedures by misusing the insolvency code. The petitioner pointed out that he was living in Noida and faces a threat of life.

He also claimed he was once physically attacked after he reported and complained to agencies about the violations and bank frauds by the company. 

The Bench also comprising Justices Ravindra Bhat and Ajay Rastogi appointed Advocate Kavin Gulati as Amicus curiae. The case is listed on November 3 for the next hearing.

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