business / news / / The Indian Express
His son, Kavya Arora, the current MD, and CFO Deepak Sharma earlier stated under the Foreign Exchange Management Act (FEMA) that the Punjab minister handled the mobile-phone export operations.
HSRL allegedly transferred Rs 27.73 crore to S K Enterprises, a firm controlled by a daily-wage labourer.
KEY POINTS
- S K Enterprises and Global Traders issued fake invoices and gave accommodation entries for commissions only.
- Over Rs 102.5 crore in mobile exports were shown to UAE firms linked to HSRL's own associates.
- Most domestic suppliers to HSRL were shell firms with cancelled or suspended GST registrations.
COMPANIES
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