Based on the Enforcement Directorate's complaint against Religare Enterprises' three senior officials for making false allegations against Burman brothers, the Mumbai Police filed a First information Report (FIR), the company informed the exchanges on Monday.
The FIR has been filed with Matunga Police Station against Dr. Rashmi Saluja, Executive Chairperson, Nitin Aggarwal, the Group CFO and Nishant Singhal, Group General Counsel.
As per Religare Ent, FIR has been registered under sections 420 and 120B of Indian Penal Code (IPC).
IPC section 420 deals with cheating and dishonestly inducing someone to deliver property, while 120B deals with criminal consiparcy.
Earlier last month, ED had conducted searches at multiple premises linked to the senior officials at Religare Enterprises (REL), including its chairperson Rashmi Saluja, and seized several documents, official sources told ET.
Among the documents are the demat and bank accounts of these officials, including Saluja.
The ED's case originated from a first information report (FIR) filed by Vaibhav Gawli, an office assistant at a pet cafe in Mumbai, alleging that funds were siphoned from Religare Finvest. The complaint accused former REL promoters Shivinder Singh and Malvinder Singh, and certain Burman family members - who had made an open offer to acquire a 26 per cent stake in REL - among others.
Litigation under the False Claims Act generated more than $2.9 billion in settlement and judgments the last fiscal year, according to the U.S. Department of Justice. According to data released Jan...