20 hrs ago
Bandra Police Book Hiren Bhagat Over Alleged ₹7.99 Crore Fraud
Bandra police have registered a case about an alleged financial fraud.
Amit Tipnis says he was promised help with large GST and VAT bills connected to his former company.
He says Hiren Bhagat and Akash Gupta directed him to send money to several accounts.
Tipnis says he transferred about ₹8 crore and also paid a chartered accountant ₹5 lakh.
He also alleged that his bank account was frozen.
Later, he said he was threatened when he asked what happened to the promised settlement.
Police have not arrested anyone in this case yet.
They are investigating the allegations and trying to locate the accused.
Bandra police registered an FIR against Hiren alias Romi Bhagat and associates over alleged cheating of former executive Amit Tipnis.
Tipnis alleged that Bhagat and Akash Gupta promised to help settle BWW Global’s outstanding GST and VAT liabilities.
He said he transferred about ₹8 crore to accounts provided by Gupta and paid chartered accountant Pujan Parmar ₹5 lakh.
Tipnis alleged that his Axis Bank account was frozen and that he later received threats when he sought updates on the settlement.
No arrests have been made; police are investigating and attempting to apprehend the accused.
- Who
- Former BWW Global executive Amit Tipnis accused Hiren alias Romi Bhagat, Akash Gupta and associates; Bandra police are investigating.
- What
- An FIR was registered over alleged cheating involving ₹7.99 crore, or approximately ₹8 crore, allegedly obtained for settling GST liabilities.
- Where
- The case is being investigated by Bandra police in Mumbai; the alleged meeting took place at a hotel in Worli, and Tipnis’s account was frozen in Vashi.
- When
- Tipnis was introduced to Bhagat and Gupta on September 6, 2023; alleged transfers followed, and the FIR was filed after later threats and failed follow-ups. No FIR date is stated.
- Why
- Tipnis alleged that the accused promised to settle BWW Global’s GST and VAT liabilities but did not complete the settlement.
Key facts
- Alleged loss
- ₹7.99 crore, described in the complaint as approximately ₹8 crore transferred to various accounts
- Complainant
- Amit Tipnis, 50, a former country manager at BWW Global Pvt Ltd
- Main accused named
- Hiren alias Romi Bhagat and associate Akash Gupta
- Additional payment
- ₹5 lakh paid to chartered accountant Pujan Parmar on June 29, 2024
- Company liabilities
- Approximately ₹11 crore reportedly remained after BWW Global’s business shut down during the COVID-19 pandemic
- Police status
- No arrests have been made; police are investigating and seeking to apprehend the accused
- Related Bhagat case
- A special court granted Bhagat bail in July 2024 in an Enforcement Directorate money-laundering case linked to Cox & Kings
Quotes
Hiren alias Romi Bhagat
Accused named in the FIR and alleged to have threatened the complainant
“You did well to transfer all the money, otherwise today you would have been sitting in Guwahati Central Jail.”
freepressjournal.in
Sources
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