Viridian Red — ashish bhalla & directors bail plea denied
Aaaadarsh.1 on Sep 29, 2017
Promoter of an buildwell and viridian-wtc group ashish bhalla's passport was impounded by the saket court in delhi. He has been directed to appear before economic offences win every day until october 8, 2017, after which interim bail will lapse. Bhalla is the propounded of assured returns schemes in which hundreds of investors have lost their life savings. His previous venture an buildwell has give bankrupt and the company is under liquidation. Fate of his present ventures wtc and viridian group is unknown and if the investors in these ventures, like his previous venture, will also lose their life savings.
According to the latest updates ashish bhalla’s bail plea interim bail application has not been granted by the court and interim arrest protection has been provided till 9th october 2017 when the matter is listed again before the hon’ble court. Ashish bhalla has to visit and give his hazri everyday to eow, mandir marg, delhi
Few facts which were crystal clear after the application was heard :
Ashish bhalla’s counsel admitted that swba+foseca is the association that he supports, which he had been trying to hide from the innocent and genuine buyers past 1.5 years. Renuka kulkarni, the complainant in fir no. 116 was fully supporting ashish bhalla’s anticipatory bail application. Important point to be noted is that she is one of the office bearers of foseca.
None of the swba members or office bearers were there to support or oppose ashish bhalla’s application.
Why is that?
Because each and every one of them are his employees in his viridian group companies and if they came, the milk would have been spilled.
Please note: proofs of these have been provided in past and have also been publicly filed in our “objections to their scheme” in the matter listed before hon’ble high court in june 2017.
Immediate attention: the list of people against whom the arrest warrants have been issued also include the likes of kotwal, nagpal, malik etc who are not only bhalla’s employees but are also the office bearers and founding members of swba.
The people we are standing up against in hon’ble high court are the same people who used to run & control anb’s all daily affairs throughout and now have warrants issued against them.
Thus, there is a clear connivance between foseca+swba & ashish bhalla who conned the anb management in september 2015 and forced the company into liquidation intentionally and ever since has been trying to take over the company through the backdoor and his proxies.
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Viridian Red - safeguard of two ex chief of a buildwell dismissed by saket court for deceiving purchasers