An FIR has been registered against officials of IL&FS Rail for allegedly siphoning off Rs 70 crore invested in it by another company, police said on December 7.
According to the economic offences wing (EOW) of Delhi Police, an FIR was lodged against officials of the company under various sections of the IPC for alleged offences of criminal conspiracy, using as genuine a forged document and forgery of a valuable security on a complaint by Ashish Begwani, Director of Enso Infrastructures.
Deputy Commissioner of Police (EOW) Varsha Sharma said Begwani has alleged in his complaint that in August 2010, he was approached by two officials of IL&FS Transportation Networks and he had invested Rs 170 crore in IL&FS Rail , a special purpose vehicle for Gurgaon Metro project, in order to take its 15 percent shares.
"However, over a period of time, complainant observed that the company is not performing profitably and funds are being misused," Sharma said.
According to the complaint, in May 2018, Begwani came across copies of demand notices served by the Income Tax Department upon IL&FS Rail.
"Deputy Commissioner of Income Tax, Gurugram had passed assessment orders concluding that IL&FS Rail had issued bogus contract orders to Silverpoint Infratech when in fact no work was executed by this company," the police has claimed.
The police said the complainant has also alleged that directors of IL&FS Rail and other officers of the company had intentionally siphoned off the funds to the tune of Rs about 70 crore, causing a loss to his firm.
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