Amrapali fraud and the Dhoni connection
Dhoni's wife Sakshi is director and shareholder of a company associated with the Amrapali Group case to which money was also diverted
On Tuesday, the Supreme Court gave a big decision against the Amrapali Group. The real estate registration of the company was canceled on charges of diverting flat buyers' money into other ventures. Also, the Enforcement Directorate has been ordered to act against the company and its directors. This order of Supreme Court is likely to prove to be a headache for India's former cricket captain Mahendra Singh Dhoni. Dhoni has been associated with Amrapali Group for a long time.
According to a report in the Indian Express, Mahendra Singh Dhoni's wife, Sakshi Dhoni is director of a company affiliated to Amrapali Group and a 25-percent shareholder.
Dhoni's wife Sakshi Singh Dhoni is the director of Amrapali Mahi Developers Pvt Ltd (AMDPL) and owns 25%.
According to the forensic audit report of the Amrapali Group, which was submitted to the Supreme Court, this company is also among the 47 companies in the Amrapali group, which got money from the company. The audit report said that the money was from home buyers.
On Tuesday, in the case of Amrapali, forensic auditors Pawan Kumar Agrawal and Ravindra Bhatia presented a report in the Supreme Court. It stated that Amrapali Group had transferred the money of the people who bought flats illegally to other companies.
It has been mentioned in the report that Amrapali made bogus agreements with Rhiti Sports Management Private Limited and Amrapali Mahi Developers Pvt Ltd. It has also been alleged in the audit report that crores of rupees have been transferred from home buyers into these companies. These companies also include AMDPL.
According to the audit report, "We were verbally informed that this company has been included in the development of a project in Ranchi. There was an agreement between the parties. However, we have not been provided the copy. "
According to the audit report of the Supreme Court, between 2009 and 2015, Rs 6.52 crore was given by Amrapali Developers Pvt Ltd of Amrapali Group to Rhiti Sports Management Pvt Ltd. This amount was given under a contract. For this Amrapali Group's CMD Anil Sharma and Rhiti Sports Management Pvt Ltd had signed the agreement.
Under the sponsorship agreement on 20 March 2015, the Amrapali Group got the right to advertise the advertisement of the Chennai Super Kings logo space for the 2015 IPL. The contract for this was on plain paper. This agreement was only between Amrapali Group and Rhiti Sports Management Pvt Ltd. There was no signature of any representative from the Chennai Super Kings in this agreement.
It has been stated in the report that all these contracts were done with the intention of making payments to Rhiti Sports Management Pvt Ltd. This agreement was bogus. The auditors said that in their understanding, the money was from home buyers diverted illegally.
MS Dhoni has always been saying that he was just the brand ambassador of the Amrapali Group. Explain that Dhoni wHe said he was the brand ambassador of the Amrapali Group till 2016, but after opposition from home buyers, he distanced himself from the Amrapali Group.
The Supreme Court ruling is a big relief to thousands of home buyers in their decisions. The Supreme Court ordered the state-run NBCC [National Buildings Construction Corp.] to complete construction of the flats. Along with this, the Supreme Court ordered the cancellation of RERA registration of all projects of the Amrapali Group.
The Supreme Court said that serious allegations had been made against the Amrapali Group case and large amounts had been misappropriated. At the same time, the Enforcement Directorate has ordered an investigation into the fraud of home buyers. After the Supreme Court's decision, the ED filed a criminal case against the Amrapali Group and its promoters against money laundering.
[Autotranslated from Hindi]