Vigilance Bureau arrests CA for verifying fake documents in a multi crore scam
Kanwar Inder Singh/ royalpatiala.in News/ July 18,2023
A Special Investigation Team (SIT) of Punjab Vigilance Bureau (VB) on Tuesday arrested Chartered Accountant (CA) Jaswinder Singh Dang resident of Ludhiana for verifying the fake documents in connection with Pearls Agrotech Corporation Limited (PACL) scam.
Divulging the details here today, an official spokesperson of the VB said that the arrest has been made after the investigation in FIR No. 01 Dated 21.02.2023 under section 406, 420, 465, 467, 468, 471, 384, 120-B of IPC registered at Police Station Punjab State Crime, SAS Nagar.
He further informed that an Extra Ordinary General Meeting (EOGM) of PACL was shown to be held at Ms PACL Limited’s registered office in Jaipur (Rajasthan), which had closed since 7-8 years, and also appointed three new Directors of PACL using forged documents. Jaswinder Singh Dang, Chartered Accountant in conspiracy with co-accused, verified the fake documents as genuine and uploaded the same on Ministry of Corporate Affairs’ website regarding appointment of three new directors namely Hirdeypal Singh Dhillon, Sandeep Singh Mahal and Dharmendra Singh Sandhu despite the fact that he had knowledge that the meeting actually didn’t take place.
The spokesperson said that he was also aware that around 5 crore poor and gullible investors have invested around Rs 50,000 crores in PACL and a Committee under the chairmanship of Justice (Retd) R.M. Lodha has been constituted by SEBI pursuant to the order of Supreme Court of India to sell the properties of PACL Ltd and using the sale proceeds to refund the investors who have invested their money in PACL Ltd.
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