Published on: 11 September, 2024 00:15 IST
The Enforcement Directorate (ED) has filed an FIR against Religare Enterprises Ltd (REL) Executive Chairperson Rashmi Saluja and two top executives in connection with a 2023 case involving alleged false accusations against the Burman family of the Dabur Group. The FIR, registered on September 6, 2024, names Rashmi Saluja, Group CFO Nitin Agarwal, Group General Counsel Nishant Singhal, and Vaibhav Gawli as the accused.
Charges against the individuals were filed under sections 420 (cheating) and 120B (criminal conspiracy) of the Indian Penal Code. The ED’s investigation followed a complaint lodged by Vaibhav Gawli in 2023, alleging fraud and conspiracy intended to deceive shareholders of Religare Enterprises. As part of the investigation, ED officials conducted searches on August 21, 2024, at the premises of key personnel, including Saluja and other senior executives.
The 2023 FIR filed by Gawli accused 14 individuals, including former REL promoters Shivinder Mohan Singh and Malvinder Mohan Singh, along with four acquirer companies from the Burman Group—MB Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company. Several Burman family members, including Mohit Burman and Vivek Chand Burman, were also named.
As the investigation progresses, the allegations remain centered around the financial dealings and actions during the Burman Group’s open offer to REL shareholders. The ED continues its inquiry into the matter.