Tytler’s son, Verma ‘duped’ Cyprus firm, allegedly cheated it Of $ 1 million

NEW DELHI:A case of criminal conspiracy, fraud and cheating has been registered against arms dealer Abhishek Verma, Congress leader Jagdish Tytler’s son, Siddharath, and six others for allegedly duping Corewip, a Cyprus based company, of $1 million .An FIR, a copy of which is with TOI, was filed in this connection with the economic offences wing on Thursday. Verma is an accused in the Scorpene case and Navy war room leak and is presently lodged in Tihar Jail. Tytler had earlier denied he and his son had any business relations with Verma.

According to the complaint, Verma and his alleged associates induced Corewip to make an investment of $1.1 million (approximately rupees 5 crore) in a joint venture — GT Telecom Private Limited . Thereafter, using fake email ids, Verma allegedly corresponded with the company, and sent forged bank statements to induce the company to believe their investment was safe in GT Telecom bank account. But contrary to what was represented, money was fraudulently withdrawn form the GT Telecom's bank account by Verma and his associates without the knowledge of the complainant. Shareholders Siddharth and Gian Chand Arora are accused of having allegedly acted in criminal conspiracy with Verma to defraud.

A relationship manager of Royal Bank of Scotland returned the signed form of Laim Yasharm, the authorized signatory of Corewip, to Verma and another person at their behest and allowed them to withdraw $ 1.1 million dollars from the account, alleges the complaint. A police officer said Corewip’s Joseph Rubinstein had, through his representative in India, given a complaint on January 24, 2012. A preliminary enquiry into complainant was taken up.