Sammaan Capital clarifies it is not an accused in Delhi Police FIR or CBI probe
SAMMAANCAP · price
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Sammaan Capital said it is not an accused in the FIR registered by Delhi Police EOW on a PIL. The FIR named its former promoter Sameer Gehlaut and five borrower groups (DLF, Vatika, Americorp, Chordia, Reliance ADAG). SCL was treated as a victim. EOW's Aug 11 status report confirmed SCL recovered all loan monies from the five groups. The Supreme Court has now asked CBI to examine the allegations. Over 7 years, MCA, NHB, SEBI, RBI and EOW found no violations against SCL.
Positive: company clarified as victim, not accused. Multiple agencies cleared SCL of wrongdoing. New promoter IHC invested USD 1 billion.