Unauthorised persons have siphoned of seventy lakh ten thousand from the account number 011**********596 in the name of M/s Aqdas Consortium from Bank of India, CBD Belapur branch. As per covenants of the agreement dated 20th December, 2012, instructions were given to the bank that operation of the said account would be done jointly by Lead Partner and member, being M/s Aqdas Maritime Agency Pvt Ltd and M/s ARR Maritime Allied Services Pvt. Ltd. The accused persons in connivance of officials of bank have siphoned out Rs70,46,750/- which belongs to the company. As per instruction sample signatures of Naved Shaikh, Haroon Shaikh on behalf of M/s Aqdas Maritime Agency Pvt. Ltd and sample signatures of Radhakrishnan Iyer Sukumar Santosh on behalf of M/s ARR Maritime Allied Services Pvt. Ltd were submitted to the bank. Official letters have been sent to all respective police chowkies along with the evidence to commissioner of police Navi Mumbai but ARR Maritime possess strong influence on the police and hence they have not carried out any investigation. Even the Bank of India officials have failed to cooperate with Aqdas Maritime Agency.
Naved Shaikh, Director of Aqdas Maritime Agency said, “Our firm learnt that the bank in defiance of instructions and acting in criminal connivance M/s ARR Maritime Allied Services Pvt. Ltd. its director/signatories/officials has permitted unauthorized and illegal withdrawals and payments. It has also shockingly been revealed that with the illegal withdrawal and facilitation by the bank, M/s ARR Maritime Allied Services Pvt Ltd has siphoned Rs. Rs 70,10,000/- (Seventy Lakh Ten Thousand Only/-) from the consortium account to its own account.”
“It has been revealed that all these payments and transaction from the account has been permitted to be made, by the bank, only on signatures of directors/signatories of M/s ARR Maritime Allied Services Pvt. Ltd, which is contrary to instructions of the account holder, i.e. M/s Aqdas Consortium” added Shaikh.
It is thus apparent that bank acting in criminal connivance with directors/signatories of M/s ARR Maritime Allied Services Pvt Ltd. has siphoned out money belonging to M/s Aqdas Consortium and committed falsification of accounts. Such type of crimes invite imprisonment for 7 years and fine or both. Aqdas has also instructed the bank to disallow any transactions, cheques drawn without the signatures of lead partners.
The firm has asked the bank to put on hold/keep in abeyance any such transaction or cheque drawn by RadhaKrishnan and Sukumar Santosh and notify Naved Shaikh. Adqas has also filed a complaint against Makrand Pradhan, Santosh Sukumar, Radhakrishna Iyer, Aruna Singh and M/S Maritime Allied Services Pvt Ltd and various other unknown officials of the firm and officials of Bank of Maharashtra with CBD Belapur police station on 7th February, 2014.
A joint venture namely Aqdas Consortium was formed between M/s Aqdas Maritime Agency Pvt. Ltd having its registered office at 32/33 Eastern-Chambers, 4th floor, 128A, Nandlal Jam Marg (Poona Street) Mumbai-400 009 and M/s ARR Maritime Allied Services Pvt. Ltd. having its registered office at 304/305, 3rd floor, B wing, Hermes Atrium, plot No. 57, Sector 11 C.B.D., Belapur, Navi Mumbai-400614 vide agreement dated 5th March, 2012.
Aqdas Consortium participated and offered its bid in the tender floated by Central Ware Housing Corporation and declared successful in tender bearing No. CWC/RO-Navi Mumbai/D’Node-H&T/2011-12. The firm was appointed as its Handling and Transport contractor. An agreement was executed between Aqdas Consortium and Central Ware Housing Corporation RO Navi Mumbai dated 17th March,2012.
Subsequently a joint venture agreement dated 20th, October, 2012 was executed between M/s Aqdas Maritime Agency Pvt. Ltd as lead partner and M/s ARR Maritime Allied Services Pvt. Ltd as member.
That officer/director of the complainant company has been demanding accounts of the company from the accused No. l to4, but they kept on evading supplying the same. However, it came to be known that these accused have been siphoning money belonging to Aqdas Consortium.
Since the accused persons neither issued statements of account of the money belonging to the complainant company; Director of the company visited the bank on 4th February, 2014 and demanded the statement of account of the account no 01***********96 with the Bank of India Branch C.B.D. Belapur. It was also revealed that accused persons have transferred Rs 70,10,000/-in the account of M/s ARR Maritime Allied Services Pvt. Ltd., illegally without any authorization.
Haroon Shaikh, Director of M/s Aqdas Maritime Agency Pvt. Ltd said, “The accused persons, by their acts have fraudulently and illegally withdrawing and transferring money out of the account of our firm and has cheated us and siphoned out the money belonging to the firm. They have committed criminal breach of trust acting under criminal conspiracy with each other with officials of the bank and usurped the money belonging to our company. It is thus requested that a F.I.R may be ¬registered under relevant sections of the Indian Penal Code and accused persons may be punished in accordance with law.”