How Did I-PAC Take a ₹13.5 Crore Loan From a Non-Existent Company? Troubles May Deepen After ED Probe
Kolkata: Political consultancy firm Indian Political Action Committee (I-PAC) may be heading for deeper trouble as fresh questions emerge over an alleged ₹13.5 crore loan taken from a company that, according to official records, does not exist. The revelation comes amid an ongoing investigation by the Enforcement Directorate (ED) into suspected financial irregularities linked to the firm.
As reported by The Indian Express, I-PAC claimed to have received a ₹13.50 crore loan in 2021 from a Rohtak-based firm named Ramasetu Infrastructure India (P) Limited. However, a verification of records maintained by the Registrar of Companies (ROC) shows that no such company has ever been registered, raising serious doubts about the legitimacy of the transaction.
Loan Claim Under the Scanner
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