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Ex- MD accused of cheating: Sterling Greenwood

   Posted on 9th Apr 2018 14:20:45 in Frauds


A complaint has been filed in Vastrapur Police against the former Managing Director (MD) of Sterling Greenwood Ltd. He is accused of misappropriating two pieces of land on the outskirts of Ahmedabad. Rs 24.9 lakh used to purchased the land was Company’s money.

In August last year, Chief Finance Officer (CFO) of Sterling Greenwood Ltd. gave an application of complaint against former MD of the company Ankit Mathur.

“Mathur was MD of the company from 2010 to 2013. During this period, he had purchased two plots - one each in Ognaj and Lilapur - at the cost of Rs 15 lakh and Rs 9.9 lakh. The money was paid by the company though the land was in Mathur and his mother’s name. The issue came to notice of the company during a meeting in February 2017, after which the details were verified by two independent directors,” said an official.

Mathur later refused to return the land, said cops.

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