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Court to hear arguments on closure report in DDCA funds misappropriation case on Dec 22

Press Trust of India  |  New Delhi 

A court said it would hear on December 22 arguments on whether to accept the police closure report in a case relating to alleged misappropriation of funds and forgery in the and by some of its office bearers.

Abhilash Malhotra, who had earlier reserved the order on the issue, granted one last opportunity to the and (DDCA) for filing its written submissions.

"In the interest of justice, one last and final opportunity granted to the for filing of written submissions. Put up for further arguments on point of consideration on cancellation report on December 22," the court said.

The court had in October reserved its order in the matter, but later allowed hearing after the for sought some more time to file their submissions.

While the FIR was lodged in November 2015, the had filed a closure report in the court in 2016, saying it has found no evidence of misappropriation of funds in the

"There is no evidence on record to suggest any wrongful loss to DDCA by opening this account in the Central and also by transfer of the amount from the other accounts of DDCA into this account," the closure report had said.

The had registered an FIR against and Chetan Chauhan, office bearers of the sports body of DDCA for the alleged offences of criminal breach of trust, cheating, impersonation and forgery in documents.

The FIR was lodged on a complaint by DDCA and former

The FIR had accused Manchanda and Chauhan, an minister, of criminal conspiracy along with another of the Central of for illegally opening a by forging signatures of Dev.

It had also alleged that after opening the bank account, they had illegally transferred Rs 6.5 crore into the account and got fixed deposits (FDR) worth Rs 4.5 crore.

However, the police had said in its closure report that Dev has given a written statement saying the complaints were filed by him due to a misunderstanding with regard to the resolution of the company and now he has seen the records and submitted that the was validly open.

Police had said Dev has stated that he wished to withdraw the complaint unconditionally against these persons.

Chauhan had also given a written statement to the police stating that the complaint filed by Dev was wrong and was outcome of a misunderstanding.

The FIR had alleged that office bearers in pursuance of a criminal conspiracy had "forged documents, committed impersonation, illegally influenced decisions of bank officials to open a even without the formalities being complete, made false statements, siphoned Rs 6.50 crore in the bank accounts, issued blank cheques" among other illegal acts.

It had alleged that the illegal account was opened and funds were mobilised to help one of the office bearers' wife, who was working as a in the same bank where the illegal account was opened in utter violation of RBI norms and guidelines.

"The FDR were prepared for denominations of such amounts which fetched lesser interest. The details of the FDR prepared and the interest rate prevailing in the market would clearly reveal that the accused deliberately made the sports body suffer loss of interest and illegal motives," it had said.

After the matter came to light, the sports body had lodged a complaint with the bank's who stopped operation of the bank account and constituted an internal enquiry into the matter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 18:25 IST