JUDGEMENT
C.HARI SHANKAR -
(1.)(Video-Conferencing)
On the complaint of the second respondent Siddhartha Kasana, FIR No.0093 was registered, by the Economic Offences Wing (EOW),
against the petitioners, alleging commission of offences, by them,
under Sections 406, 409, 420 and 120B read with Section 34 of the
Indian Penal Code, 1860 (" IPC ").
(2.)The second petitioner is the father of the first petitioner, and the second respondent was the complainant in the aforesaid FIR.
(3.)The allegations, in the FIR, may be paraphrased thus: The second respondent was the executive director of a company known as
MSD Aviation Pvt. Ltd. He alleged that the first petitioner had
represented, to him, that he was a pilot, and that both the petitioners
assured the second respondent that, if he were to invest in Jakarta,
Indonesia, he would reap handsome profits on the investment. The
second respondent alleged that he fell into a trap and was, by the
petitioners, induced to invest in Jakarta. For this purpose, he also
claimed to have been induced to incorporate the company M/s MSD
Aviation Pvt. Ltd. (hereinafter referred to as "MSD Aviation") in
February, 2011, of which the second respondent was the executive
director and the first petitioner was the Director (Operations). The
FIR alleges, further, that, till March, 2013, an amount of ? 8 crores
had been invested, by the second respondent, in the account of the first
petitioner in various banks. It is further alleged that, in November,
2012, the petitioners handed over, to the second respondent, a cheque for ? 9 crores, as security in lieu of the investments made by the
second respondent, but that the said cheque was dishonoured. This,
according to the FIR, had resulted in wrongful enrichment of the
petitioners at the expense of the second respondent. Alleging that, on
seeking to communicate, with the petitioners, he had been threatened,
the second respondent sought initiation of criminal proceedings
against the petitioners, which resulted in the registration of the
aforesaid FIR, under Section 406 / 420 / 120B read with Section 34 of
the IPC.
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