Warning: Use of undefined constant REQUEST_URI - assumed 'REQUEST_URI' (this will throw an Error in a future version of PHP) in C:\xampp\htdocs\mbc1\wp-content\themes\jannah4\functions.php on line 73
Amrapali residence patrons cash was diverted to advertise sports activities: Supreme Courtroom | Amrapali made cash from flat patrons on this firm, the report disclosed – jj
rss

Amrapali residence patrons cash was diverted to advertise sports activities: Supreme Courtroom | Amrapali made cash from flat patrons on this firm, the report disclosed

[ad_1]

new Delhi : In the Amrapali case, the forensic auditors in its report said that Amrapali Group has given Rithi Sports Management Pvt Ltd a total of 6 crores 52 lakhs. This diversion was illegal. This money was from the Boyers, which should be recovered. For this, the CMD of Amrapali Group has signed an agreement with Sports Management Private Limited without any official proposal. Under the agreement, there was talk of ensuring the availability of Mahendra Singh Dhoni for the CMD of Amrapali. Significantly, Dhoni was the brand ambassador of Amrapali Group.

There was no proposal passed between the two for the agreement
The audit report in the Supreme Court was told that between 2009 and 2015, Rs 6.52 crore was given to Ritee Sports Management Private Limited, Amrapali Group's Amrapali Safari Developers Pvt. This amount is given under an agreement. For this, the agreement was made by Amrapali Group CMD Anil Sharma and Ritee Sports Management Private Limited. Although no proposal was passed for this, CMD made the agreement on behalf of the Amrapali Group. Written in the contract on November 24, 2009, Mahendra Singh Dhoni will be available for the CMD of the Amrapali Group, along with Ritie Sports's Representative.

On March 20, 2015, under the sponsorship agreement, the Amrapali Group got the right to advertise the Chennai Super Kings logo space for the 2015 IPL. The agreement was on plain paper and the agreement was only between Amrapali Group and Ritee Sports Management Pvt Ltd. This agreement did not have any sign of any representative from Chennai Super Kings. There was no proposal in the opinion of Ritee Sports Management Pvt Ltd that it would make an agreement.

It has been said in the report that all these agreements were done with the intention of making payments to Ritee Sports Management Private Limited and this agreement was impractical. Forensic Auditors said that according to their understanding, the money was from Home Bears, which was diverted incorrectly and should be recovered because the agreement was not relevant. Significantly, the Supreme Court had said in Tuesday's decision that the directors of all the companies, who also have the money from Home Bonds, according to the report of the Forensic Auditors, refund the money in one month or else the action will be taken. In addition, the Supreme Court has ordered the ED to investigate the FEMA violation.

[ad_2]
Source link

Related Articles

Leave a Reply

Back to top button
Close