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Fraud, forgery, accounts manipulation: Kolkata police lodge FIR against Agrifields’ Amit Gupta.
Amit Gupta the former Director and promoter of rock phosphate company Getax — and he is now doing business via Agrifields.
As per Sydney Morning Herald, “The US documents name Getax director Amit Gupta as the ‘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’.”
Amit Gupta has allegedly conducting a “fraudulent share transfer” of 1,510,000 shares as well as “forging and manipulating the records” and also having “illegally struck of a Rs 9,95,64,143 loan” of Sunland Projects Pvt Ltd, conspiring against his brother, Ashok Gupta, as per an FIR lodged by Kolkata Police at the Rabindra Sarobar Police Station on the 22nd of December, 2023.
The case has been filed in the National Company Law Tribunal “NLCT”, which the Alipore Court in Kolkata heard in court 6th November, 2023, and ordered the respondents to submit their response by the 4th December, 2023, which neither Amit Gupta or Sunland Projects did, leading to the FIR.
Sunland owns real estate in Kolkata and India as well as positions in other businesses
One of its projects, Sunland Residency in Rajharat, Kolkata, spreads over 54,000 square feet (1.24 acres). The company’s assets exceed 700 crore rupees, as per submissions.
As per court documents, the share transfer, which amounts to approximately 33.33% of the company, was 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, three procedural misconducts. The shares were transferred to Amit’s father G.S. Gupta, and Amit, in 2018, became the ultimate beneficial owner of those shares.
Gupta’s legal matters underscores the collaborative efforts of global authorities to ensure accountability for cross-border financial misconduct. This unfolding story showcases the intricate nature of Gupta’s financial dealings, contributing a heightened layer of complexity to the evolving narrative.
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