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CBI is notified by Delhi HC about a plea to investigate the use of black money in an alleged unauthorised TSR auto-finance business

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The Central Bureau of Investigation was notified by the Delhi High Court Thursday about a plea for an investigation into black money used in the alleged illegal and unauthorised TSR Auto Finance business.
The business is alleged to have used and rotated black money, and that it runs a parallel bank in the national capital.
In this matter, the court also requested an Action Taken Report (ATR), from Delhi Police and Delhi Government.
Justice Asha Menon served notices to Delhi Police and Delhi Government on the plea of Auto Parivar. The notices sought a probe. The petitioner asked for a direction regarding the registration of an FIR.
The court directed the registry that the copy of the petition be sent to the Vigilance Department through the Secretary, Transport Department of Delhi Government, and to the Delhi Police Commissioner for forwarding to the Economic Offences Wing/ Serious Fraud Investigation Office for any necessary action.
Delhi High Court has requested an ATR for the next hearing. It has been scheduled for October 18, 20,22.
According to the petition, wrongdoers are distributing large amounts of black money and unaccounted cash under the TSR auto financing business.
Counsel for the respondents accepted the notices. The counsel for Delhi Police, Delhi Government and Delhi Police stated that they had not received any complaints in the correct format. This would have allowed petitioners to easily file them and would have been reviewed by the Vigilance Department.
Counsel for the CBI stated that the court may issue directions to the agency before conducting an investigation. If necessary, the CBI will always follow these directions.
After listening to the submissions by the parties, the court said that it was “aware of the submissions made before the court, it appears a thorough inquiry would be necessary in relation to the working of financers here and whether they do this within the bounds of law.”
The bench stated that possible permits being misused is also a concern. This concerns, in addition to the exploitation and exploitation of poor drivers of TSR. The bench stated that “the possibility of economic offenses being committed across all the board, aside from corruption, would have to be investigated.”
The High Court also stated that the Delhi government/Delhi Police as well as the Transport Department of Delhi government/Vigilance could continue to investigate the crime angle and deal with the allegation of corruption. This petition will be treated as a complaint to police.
Advocate Sushil Kumar, the petitioner’s counsel, stated that there is large-scale corruption at the RTO and misdeeds that impact the auto drives. He also claimed that permits were being transferred to MLO and RTO officials.
It was also argued that, even though the Delhi Government made it a condition precedent by putting out a public notice on August 8, 2012 that the financial institutions will be the Nonbank financial institution (NBFC), there were numerous proprietorship concerns financing TSRs and later, filing civil lawsuits before Civil Courts to recover vehicles. The complaint to vigilance was also not successful.

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