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Lookout notice against Yash Birla in cheating case

  •   Sat, Feb 01 2014 07:34:00 PM

Mumbai, Feb 2 (PTI): 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.
  

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Comment on this article

  • Rudolf, Mangalore/Mumbai

    Sun, Feb 02 2014

    This is how the majority of the businesses is run in India and this is how people amass crores of rupees of wealth and properties in one life time!! One has to study the stock market listed cos. to know the real truth of making easy and fast money by unscrupulous people!! If this is called hard work so be it!! Jai Ho!!

    DisAgree Agree [1] Reply Report Abuse

  • Jossey Saldanha, Mapusa

    Sat, Feb 01 2014

    Now Gadkari is in serious trouble...

    DisAgree [2] Agree [6] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Sat, Feb 01 2014

    Lookout notice issued against Yash Birla in cheating case because the public money misused by not paying the depositors.Hope the depositors whose money not paid though matured will get back their dues.All th best.Thanq.

    DisAgree Agree [5] Reply Report Abuse


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