Who is Vivek Agarwal? Audittech 360 boss facing 16 years in jail in criminal investigation.
Vivek Agarwal runs Auditech 360 Management Consultants in Kolkata. He is the son of Chouthmal Agarwal.
Agarwal is co-accused in the case of Sunland Projects Pvt Ltd, which alongside its directors face a criminal investigation, alongside a case lodged in the NCLT in Kolkata.
An FIR has been lodged by Kolkata Police on December 22, 2023 at Rabindra Sarobar Police Station, accusing its promoter, of “fraudulent share transfer” of 1,510,000 shares, “forging and manipulating records,” and “illegally striking off” a loan of Rs 9,95,64,143 from Sunland Projects Pvt Ltd, through conspiring with multiple co-conspirators, including Vivek Agarwal and Vishal Agarwal, as per the FIR.
According to the 18-page document issued by Alipore Police Court Chief Judicial Magistrate, Vivek, who is co-accused, has also had his home raided in Howrah’s GT Road, with Kolkata Police being instructed “to seize and take possession of any forged documents, forged stamps & seals, computer-devices” and to ensure that “every part and portion of the aforesaid office of the accused persons is needed to be searched thoroughly”.
Agarwal, a co-accused and alleged conspirator, faces up to 16-years in imprisonment on the counts of fraud, forgery, and accounts manipulation, as per the Indian penal code. However, he is likely, as a conspirator, to receive a lighter jail term, if convicted.
Interestingly, Agarwal’s former co-partner in Auditech, Subhash Chand Khandelwal, was also a director at Sunland Projects Pvt Ltd. As of date, the present co-partner is Pooja Agarwal.
Court documents, from the case lodged at Alipore Court, reveal procedural misconducts in the share transfer, which constituted 33.33% of the total shares of the company.
The share transfer documents were not signed by the petitioner, was not registered in front of the Public Notary and the gift deed was not uploaded in the Ministry of Corporate Affairs website. The case has been filed in the National Company Law Tribunal (NCLT).
According to his company Auditech’s official website, Vivek is a, “CA, DISA, CIFRS & CTax-UAE along with 15+ years of professional experience in managing & conducting the Management & Forensic Audit at Birla Group”, would be allegedly involved and co-accused in organized corporate crime. Viveks’ reputation faces permanent scar through his alleged criminal dealings.
Sunlands promoter, and co-accused Amit Gupta, according to the Sydney Morning Herald, a ‘target of a criminal investigation who is alleged to have conspired with others to bribe foreign public officials and to have engaged in money laundering and other offences’.”
The integration of Vivek Agarwal, his firm Auditech 360 Management Consultants, raises questions as to his source of earnings, associations and business dealings.
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