<p>A businessman has been arrested for submitting forged invoices of Gujarat State Board of School Textbooks for obtaining a loan of Rs 15 crore from Industrial Finance Corporation of India, police said on Tuesday.<br /><br /></p>.<p>Culprit Amit Kumar Gupta, 40, is a resident of south Delhi’s Vasant Vihar and managing director of Shree Shyam Pulp and Board Mills. A probe was initiated after Industrial Finance Corporation of India complained with Kalkaji police station in September 2014.<br /><br />“After registration of the case, the matter was transferred to Economic Offences Wing police station for investigation,” said Mangesh Kashyap, Deputy Commissioner of Police (EOW).<br />Shree Shyam Pulp and Board Mills is a paper-manufacturing company with its base in Uttarakhand’s Udham Singh Nagar district.<br /><br />During investigation, it was revealed that Gujarat State Board of School Textbooks had never issued any order for supply of papers to the firm.<br /><br />“The Gujarat government had also never received any shipment from the firm,” Kashyap added.<br /><br />The transport company did not exist at its given address and Rahul Marketing in whose name some invoices were raised also did not exist.<br /><br />On Monday, Amit, who was absconding for several months, was arrested at Gole Market. <br />Role of other directors of the company as well as the officials of IFCI is also under scanner now, police said.</p>
<p>A businessman has been arrested for submitting forged invoices of Gujarat State Board of School Textbooks for obtaining a loan of Rs 15 crore from Industrial Finance Corporation of India, police said on Tuesday.<br /><br /></p>.<p>Culprit Amit Kumar Gupta, 40, is a resident of south Delhi’s Vasant Vihar and managing director of Shree Shyam Pulp and Board Mills. A probe was initiated after Industrial Finance Corporation of India complained with Kalkaji police station in September 2014.<br /><br />“After registration of the case, the matter was transferred to Economic Offences Wing police station for investigation,” said Mangesh Kashyap, Deputy Commissioner of Police (EOW).<br />Shree Shyam Pulp and Board Mills is a paper-manufacturing company with its base in Uttarakhand’s Udham Singh Nagar district.<br /><br />During investigation, it was revealed that Gujarat State Board of School Textbooks had never issued any order for supply of papers to the firm.<br /><br />“The Gujarat government had also never received any shipment from the firm,” Kashyap added.<br /><br />The transport company did not exist at its given address and Rahul Marketing in whose name some invoices were raised also did not exist.<br /><br />On Monday, Amit, who was absconding for several months, was arrested at Gole Market. <br />Role of other directors of the company as well as the officials of IFCI is also under scanner now, police said.</p>
