Lookout notice issued against industrialist Yash Birla in cheating case

Feb 01 2014, 16:02 IST
Comments 0
SummaryYash Birla's firm Birla Power Solutions allegedly duped a Worli-based businessman of Rs 1 crore.

A lookout notice has been issued against industrialist Yash Birla in connection with a cheating case registered here against his firm Birla Power Solutions, police said today.

The Economic Offence Wing (EOW) of the Mumbai Police issued the lookout notice yesterday, said a police officer.

The case was first reported on December 31, 2013 when the Marine Drive police registered a cheating case against Birla Power Solutions Pvt Ltd for allegedly duping a Worli-based businessman of Rs one crore by not repaying his fixed deposit investment on maturity.

The case was later transferred to the EOW. So far, 28 investors have approached EOW saying they have been cheated of a total of Rs 20 crore.

Police have already arrested Birla Power's former Managing Director PVR Murthi in the case.

The Look Out notice is a circular sent at all immigration checks at international borders (like International airports or sea ports) and as soon as the person is spotted, the authorities concerned are notified.

Yash Birla could not be contacted for comments.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...