Viridian Red — ashish bhalla & directors bail plea denied | |
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. Was this information helpful? | |
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Frauds of Ashish Bhalla disclosed
No matter how wealthy or poor you are one day you have to face your bad deeds. Ashish Bhalla ex MD for WTC Manesar and present owner of Viridian Red (WTC NOIDA, Gift City, and Chandigarh etc) is also one of them. No matter how hard he has tried to create a camouflage to protect him from our judicial system he has failed to do so. He has been able to delay the process but truth has been outshined. His passport has been impounded he cannot leave Delhi without the permission of the Investigation Officer. The list of his white collar crime is as below:
1. Siphoning off crores of Rupees from the companies and leading them to liquidation.
2. Falsely selling the share of the companies.
3. He is not the Director in any of the companies owned by him. He has appointed the dummy directors in all of the companies. Clearly shows his intentions for the execution of well planned white collar robbery.
4. Created fake association in order to hamper and delay the revival of WTC Manesar and Spire Woods again to safe guard himself from the legal actions.
5. He has cheated all his partners in almost every company and the partners have filed FIR’s against him.
6. He still has been selling his projects on assured return model which are being declared illegal by the Government.
He just wanted to earn money, power and success but unfortunately taken a short cut. These short cuts always lead to Jail. That’s what will be the end of this Scamster.
No matter how wealthy or poor you are one day you have to face your bad deeds. Ashish Bhalla ex MD for WTC Manesar and present owner of Viridian Red (WTC NOIDA, Gift City, and Chandigarh etc) is also one of them. No matter how hard he has tried to create a camouflage to protect him from our judicial system he has failed to do so. He has been able to delay the process but truth has been outshined. His passport has been impounded he cannot leave Delhi without the permission of the Investigation Officer. The list of his white collar crime is as below:
1. Siphoning off crores of Rupees from the companies and leading them to liquidation.
2. Falsely selling the share of the companies.
3. He is not the Director in any of the companies owned by him. He has appointed the dummy directors in all of the companies. Clearly shows his intentions for the execution of well planned white collar robbery.
4. Created fake association in order to hamper and delay the revival of WTC Manesar and Spire Woods again to safe guard himself from the legal actions.
5. He has cheated all his partners in almost every company and the partners have filed FIR’s against him.
6. He still has been selling his projects on assured return model which are being declared illegal by the Government.
He just wanted to earn money, power and success but unfortunately taken a short cut. These short cuts always lead to Jail. That’s what will be the end of this Scamster.
Scamster is a heavy word though but yes the planner of such high level fraud or thug can be named as one, if he is guilty. As we can only comment on the info we had cannot pass judgements. The most striking point was he is not even directors in his own companies, this clearly shows his intentions are not good for sure. Who would take the responsibility? So much money involved thousands of customers fate is lying in the hands of nobody and what will happen to his family, friends, employees etc who are name sake directors of the company. Tomorrow they will feel the heat of the investors, govt agencies, courts etc. this is very sad.
You will be amazed to know that two of his senior employees have been accused in the case of forgery. Arrest warrants have been issued on their name police their house, Ashish Bhalla’s house in maharani Bagh and Ashish Bhalla’s office in M6 plaza Jasola corporate office of Viridian Red. They all are on run. Both are the employees of Ashish Bhalla and now will be behind the bars soon for the crime they might not even aware of. Ashish Bhalla frauduantly transferred the shares of some other party in favour of his companies. Ashish Bhalla is not even the director inspite of being 100% shareholder in his various companies.
Looking at the situation, next in firing line could be various directors and other complices of his group companies where Mr Bhalla is only the shareholder. All of his crimes are well orchestrated through the web of various shell companies wherein he make fake or name sake directors wherein he cheats, commit all sorts of white collar crime, deviate funds, break law etc. when the time comes poor employees who did it for money or small gains get into mess. Furthermore could be the other matters related to his own projects in Noida (Wtc Noida & CBD), Gurugram (Plaza 106), Chandigarh(WTC Chandigarh) and Ahmedabad (WTC GIFT).
List does not end here its everlasting. This man holds more than 100 such companies as mentioned by one of the prosecutors in the court in one of his bail case. There are many who are ready to ruin their life for small term gains. That’s not their fault this is the rule of the jungle don’t trust the hungry lion for your life, As he would surely eat you when he gets hungry to save his own life. He creates the trap for not only customers but for his own people. He deceive people and make money out of it. Vikassethi so called president of FOSECA an association of customers initially created by Ashish Bhalla and his puppets in order to put the company into liquidation so that he shall be able to get away with the fraud of more than 100 crore in the company. Which unfortunately did not happen.Vikassethi being a small level developer dream big to be a big developer what has been promised by Bhalla seems like. As the enthusiasm he has for opposing the cancelations of Gandhi and Hooda suddenly goes off when comes to Ashish Bhalla. Rather he has been found supporting Ashish Bhalla’s bail.
What a game bhallaji, you should enter politics. That’s the place for you.
What a game bhallaji, you should enter politics. That’s the place for you.
Pro active is one company which is the master stroke by Ashish Bhalla. Seriously, kehte hain najaha subki soch khatam hoti hai waha Bhalla ki shuru. Ab RERA agaya kaise kare fraud. So he started his own construction company, as 70% of the fund can only be utilised only for construction. So he found out his new way of money laundering. Wherein he can withdraw crores from the company account and nobody will question.
Since then construction is almost stalled in every project, construction is deteriorating.
Since then construction is almost stalled in every project, construction is deteriorating.
This is enough guys! Why are you creating a havoc among buyers of WTC? The real culprits are SK Hooda and Sunil Gandhi. Ashish Bhalla has no role to play into it. Highly disappointing to see few people are using all means to ruin his image. Stop this now!!!
All developers are taking the back doors to run specially Noida Developers looking at the list of crimes seems like Ashish Bhalla is the next. Owner of AMR, krasa, Premia, cosmic, Earth Infrastructures Pvt ltd, OMG, Bhasin Group etc all are in jail and all of them are the owners of the commercial projects introduced assured schemes. Then collapsed and ran away with customer’s money and now sitting in jail might be planning for loot.
Sir Amit Mavi ran away when police reached his house for arrest, Arvind ran away from his house same way there was a article in the newspaper on that incident. Ashish Bhalla ran away at the time police was raiding his office and premises for the forgery case. All are dacoits. Shall be forced to return the money or complete the projects.
WTC Noida Leased to VIVO such a good news upcoming area minimum rental will Rs 48/ sq feet and what not. All an eyewash, they made fool of people. They did not disclose the actual amount of lease to the customers till 3 years and kept on paying at Rs 48 now the commitment ends customer got to know the actual amount of lease is Rs. 20 which is like 40% of the commitment amount. What a plan? You can give it to other companies also at Rs 20 or even lesser.
One can comfortably ignore this! Fake hai