{"id":26238,"date":"2022-02-25T21:20:16","date_gmt":"2022-02-25T15:50:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-sfio-arrest\/"},"modified":"2022-02-25T21:20:16","modified_gmt":"2022-02-25T15:50:16","slug":"biz-sfio-arrest","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sfio-arrest\/","title":{"rendered":"SFIO arrests 3 individuals for fraud in Jagat Agro Commodities case"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1456600237\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Feb 25 (PTI) The Serious Fraud Investigation Office (SFIO) has arrested three people in connection with its probe into the affairs of Jagat Agro Commodities Pvt Ltd after finding that they indulged in fraudulent activities and diverted funds borrowed from banks, including Punjab National Bank.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-117278228\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Satish Kumar Pawa, promoter and shareholder; Saurav Aggarwal, son of promoter; and Suhas S Paranjpe, statutory auditor; have been arrested by the probe agency.<\/p>\n<p> The three individuals were arrested after it was revealed that they were guilty of indulging in serious corporate fraud punishable under the companies law, an official release said on Friday.<\/p>\n<p> &#8220;They have falsified the financial statements over a period of three years by inflating their stock position and falsely induced banks to lend on the strength of the falsified financial statements. The company borrowed funds from public banks viz. SBoP and PNB and diverted\/ siphoned through various channels,&#8221; the release said.<\/p><div class=\"trade-content_5\" id=\"trade-834295419\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The ministry asked SFIO to probe the case based on an order passed by the National Company Law Tribunal.<\/p>\n<p> They were produced before the court of Competent Jurisdiction in Delhi and transit remand orders were obtained for producing them before the Special Court (Companies Act, 2013), Mumbai. The additional session judge, Mumbai, has remanded all the three accused in SFIO custody till March 1, the release said. PTI RAM  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-4086520334\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 25 (PTI) The Serious Fraud Investigation Office (SFIO) has arrested three people in connection with its probe into the affairs of Jagat Agro Commodities Pvt Ltd after finding that they indulged in fraudulent activities and diverted funds borrowed from banks, including Punjab National Bank. Satish Kumar Pawa, promoter and shareholder; Saurav Aggarwal, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1698,31],"tags":[],"class_list":["post-26238","post","type-post","status-publish","format-standard","hentry","category-commodities","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SFIO arrests 3 individuals for fraud in Jagat Agro Commodities case - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sfio-arrest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFIO arrests 3 individuals for fraud in Jagat Agro Commodities case\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 25 (PTI) The Serious Fraud Investigation Office (SFIO) has arrested three people in connection with its probe into the affairs of Jagat Agro Commodities Pvt Ltd after finding that they indulged in fraudulent activities and diverted funds borrowed from banks, including Punjab National Bank. 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