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Delhi Police Filed An FIR Against Religare Finvest’s For Rs 793 Cr Fraud Case

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The Economic Offences Wing of Delhi Police has filed an FIR against Strategic Credit Capital Private Ltd (SCCPL) along with other associated entities and individuals Mohnish Mukkar over an alleged fraud of over Rs 793 crore based on a complaint by Religare Finvest Ltd (RFL).

RFL had filed a criminal complaint in August 2019 for offences of cheating, misappropriation, forgery, criminal breach of trust, and criminal conspiracy against SCCPL and its associate entities and individuals.

According to the FIR, the accused persons including SCCPL and Mohnish Mukkar along with cheating and defrauding RFL, also forged and fabricated documents to induce RFL to execute an assignment agreement.

As per the FIR, around April-May 2015, Mohnish Mukkar and Veena Singh, Director of PHFPL, had approached RFL expressing interest in acquiring certain existing RFL loans. Mohnish Mukkar at the relevant time, had represented to RFL that he was a promoter and director of Halcyon Asia Support Services Private Limited, which company was engaged in the business of debt restructuring.

 

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