A director of a Mumbai-based transport company was arrested on Wednesday by the Financial Crimes Branch for allegedly defrauding the owner of an airline company in the Netherlands to the tune of INR 4.5 crore. Amit Agarwal, director of Supreme Transport Organisation Private Limited, has been arrested. A case has been registered against other directors of the company in this regard. The case has been registered under sections 420, 409, 465, 467, 468, 461 and 34 of IPC.
Vishal Shukla, the representative of Dutch company Trac Air BV President and CEO Michel Neifel, complained in this matter. The complainant company deals in buying and selling of aircraft and also repairs crashed aircraft. In 2018, a plane belonging to Supreme Transport Organisation Private Limited had an accident at Ganganagar Airport in Rajasthan. At that time, the complainant company contacted the director Amit Agarwal and inquired about the sale of the aircraft. Agarwal agreed to sell the plane and also canceled its Indian registration.
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Subsequently, on July 20, 2022, a purchase agreement was signed for the sale of the aircraft for an amount of five and a half million US dollars (four and a half crore rupees). Accordingly, five and a half million US dollars were deposited in the bank account opened by both the companies. But, there was a legal dispute before the National Company Law Tribunal regarding this aircraft. At that time, the court ordered not to sell the aircraft before the decision. However, it has been alleged in the complaint that the Dutch company was kept in the dark about the entire dispute.
Amit Agarwal told him that he wanted to pay the Jaipur airport charges for the flight and sent a receipt for the same. Then in January 2023, Neifel sent sixty thousand US dollars to the account of Supreme Transport Organisation Private Limited. The aircraft was loaded into a container and left for the port of Gujarat. At that time, Agarwal asked to deposit the remaining four lakh 90 thousand US dollars in the bank account of his uncle's company in London. Then on May 4, 2023, Neifel received an email from the bank. In that, the owner company of the plane had taken a loan of twelve and a half crores from the bank to buy the plane.
They have also approached DRT (Debts Recovery Tribunal) court in Mumbai to recover the loan amount and said that the bank is in the process of taking possession of the plane. Meanwhile, other directors of Supreme Transport Organisation Pvt Ltd approached the NCLT court in Mumbai and said that Amit Agarwal had sold the company's aircraft in violation of the court order. The court then directed the customs department to stop the aircraft from leaving the country. When Agarwal was contacted about this, he refused to pay the amount and said that he will have to wait till the verdict of the court. After that, a complaint was filed with the Economic Offenses Branch on behalf of Neifel.
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