Former SKS Ispat CMD Anil Gupta accused of defrauding MNC of $1.8 million for Juhu guest house
NEW DELHI: Anil Mahabir Gupta, the former Chairman and Managing Director of bankrupt SKS Ispat, has once again landed in trouble. Agritrade India, an MNC dealing in agricultural commodities, has accused Gupta of deceiving the company after receiving $1.8 million for a guest house in Juhu, Mumbai.
Earlier, the Enforcement Directorate (ED) had stated on June 28 that it has attached assets worth Rs 517.81 crore belonging to SKS Ispat & Power Ltd in connection with a bank fraud case of Rs 895.45 crore involving Cethar Ltd. The ED initiated proceedings under the Prevention of Money Laundering Act (PMLA) based on an FIR registered by the CBI against Cethar Ltd, a boiler manufacturing company based out of Trichy, Tamil Nadu.
