Money Laundering Case: Police Arrests Shakti Bhog Foods Ltd Chairman & MD Kewal Krishan Kumar
The Economic Offenses Wing of Delhi Police has arrested him after interrogation on Friday
NEW-DELHI: Delhi Police has arrested Shakti Bhog Food Limited Chairman and Managing Director Kewal Krishan Kumar in a Money Laundering Case. The Economic Offenses Wing of Delhi Police has arrested him after interrogation on Friday (May 5). The police have taken this action in the case of fraud of Rs 10 crores. Recently, Kewal Krishan Kumar walked of jail on bail in an another case.
According to the statement issued by the Delhi Police, the key accused and other accused directors of the company had issued post-dated cheques of Rs 10 crores to the complainant in exchange for the purchase of raw materials. Later, these cheques were dishonored as they were issued by his company which was already under liquidation and its account had already been blocked. After the complaint, the Economic Crime Branch of Delhi Police took this action.
Earlier, the Enforcement Directorate had arrested the CMD of Shakti Bhog Foods Ltd. ED had raided 9 locations of Kewal Krishan Kumar in Delhi and Haryana. Meanwhile, many suspicious documents and digital evidence came into the hands of the agency. CBI filed an FIR against Kewal Krishan Kumar on charges of criminal conspiracy, cheating and criminal conduct. The CMD of Shakti Bhog Foods Ltd is accused of misappropriating funds through his companies.
Shakti Bhog Foods Limited is a Delhi-based company that manufactures flour, rice, biscuits and cookies under the Shakti Bhog brand. Earlier this year, the CBI had registered a case against the company for defrauding 10 banks to the tune of Rs 3,269.42 crore.