Friday, 29 July 2011

Warrant against Vivek-Suresh Oberoi

A metropolitan magistrate court issued a non-bailable warrant against Vivek Oberoi and his father Suresh Oberoi in a case of cheque bounce worth Rs 3 crore. Apart from the duo, four members from board of directors and a manager from Oberoi Mutimedia Ltd have also been accused for the same.

The complaint has been filed by Jawaharlal Agicha who acquainted with Suresh Oberoi's relative and company's MD Anand Oberoi and its manager Anil Lalwani. They requested him to provide financial assistance for the company's brand promotion in India and abroad.

According to Agicha's complaint, the accused asked financial assistance from him for promoting various Indian brands. In order to induce him, he was allegedly given a proposal of issuing Bill of Exchange and post-dated cheques as repayment of the Rs 3.9-crore loan.

Agicha informed that he received only Rs 50,000 in January 2010 via cheque, while a Union Bank of India cheque of Rs 3 crore meant for realisation on October 19, 2010, bounced. According to his lawyer Solanki Chaula the cheque was dishonoured by New India Co-op Bank, Versova, with the remark 'account closed'.

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