Dhruv Galgotia Arrested – Dhruv Galgotia Arrested

By: Hindustan Times

The chief judicial magistrate (CJM) Khaliquzzama of Agra ordered to raid the house of Sunil Galgotia, the chairman of Galgotia University, in Noida. Obeying orders of the court, cops raided on Tuesday and detained Galgotia’s wife Padmini along with son Dhruv. However, the main accused, Sunil Galgotia, managed to get stay order.

The case of forgery and default in payment of loans worth Rs 100 crore was filed last month by SE Investment Limited at Hari Parwat police station in Agra.

Despite putting heart and soul for seeking bail of Mrs. Galgotia and son Dhruv, none could do so as the CJM had put them under 14 days’ remand.

The registered complaint says that the owners of Shakuntala Education and Welfare Society approached for loans that were sanctioned. But the runner of the institution Sunil Galgotia did not pay installments on time neglecting several reminders for the payment.

The forgery came in notice when it was uncovered that the documents, including balance sheets, submitted for loans were all bogus.

The FIR states that ten loans had been taken by Sunil Galgotia from SE Finance Limited between 2010 to 2012. Adding up all loans ranging from Rs. 80 Lakh to Rs. 37 crore, the debt is calculated worth Rs. 120 crore including interest. The debtor had to settle the loan amount in 24 installments but only few installments were paid and thereafter, installments were stopped, informed SSP Shalabh Mathur.

Despite dispatching of several notices to the society, no response was given in context of payment.
“As per the company’s declaration, the Galgotias have to pay a sum of Rs 120 crore to the SE Investment Company. This includes interest on the huge sum as well,” the SSP unveiled.
Now, non-bailable warrant has been issued for arresting the defaulter Sunil Galgotia, his mother Jugnu, wife Padmini and son Dhruv.

“At the time of taking the loan, the Shakuntala Education and Welfare Society presented fake documents. They claimed that Galgotia University was part of Shakuntala Education and Welfare Society, but in the Delhi high court, they claimed that the varsity was a different organization. We also came to know about various irregularities committed by the Galgotias, including embezzlement. That is when we decided to file the case against Sunil Galgotia,” Sunil Agarwal, the managing director of SE Investment Ltd., said.
So far, Padmini Galgotia has said nothing in comment over the matter while Sunil Galgotia managed to stay away from the media as well.

Dhruv Galgotia Jail – Acting on the orders of chief judicial magistrate (CJM) Khaliquzzama of Agra, city police arrested Dhruv galgotia

Acting on the orders of chief judicial magistrate (CJM) Khaliquzzama of Agra, city police raided the house of Galgotia University’s chairman Sunil Galgotia in Noida and arrested his wife Padmini Galgotia and son Dhruv Galgotia.

The raid and arrests occurred on Tuesday. The case relates to alleged forgery and default on repayment of loans totalling over Rs 100 crore. The case was lodged last month by SE Investments Limited at Hari Parwat police station in Agra. Sunil Galgotia managed a stay from the Allahabad high court.

Senior lawyers of the district court tried hard to obtain bail also for Padmini and Dhruv Galgotia, but the CJM ordered that the two be placed in 14 days’ remand.

The complainant told police that owners of Shakuntala Education and Welfare Society, managed and run by Sunil Galgotia, had taken loans from them and defaulted on instalments despite several reminders.

The investment firm alleged that Sunil Galgotia had presented various fake documents to get loans, including fake balance sheets.

SSP Shalabh Mathur said that the FIR mentioned that Sunil Galgotia has taken 10 loans from SE Finance Limited in two years, from 2010 to 2012, ranging between Rs 80 lakh and Rs 37 crore. The total liability, inclusive of interest, was Rs 120 crore. The Galgotias had to return the money in 24 instalments but stopped repayment after just the first few instalments.

The investment firm issued notices to the society, but received no reply, the complainant said.

“As per the company’s declaration, the Galgotias have to pay a sum of Rs 120 crore to the SE Investment Company. This includes interest on the huge sum as well,” the SSP said.

The court has issued non-bailable warrants against four people in this case — Sunil Galgotia, his mother Jugnu, wife Padmini and son Dhruv.

Sunil Galgotia managed a stay from Allahabad high court while police arrested Padmini and Dhruv from their Noida home on Tuesday.

Sunil Agarwal, managing director of SE Investment Limited told TOI that after the complaint lodged in Agra, the owners of Shakuntala Education and Welfare Society approached the Delhi high court. In their application before the high court, the Galgotias claimed that their institution was facing a huge loss. He added that the case, however, pertained not just to the loan amount, but also the forgery of documents to avail loans.

“At the time of taking the loan, the Shakuntala Education and Welfare Society presented fake documents. They claimed that Galgotia University was part of Shakuntala Education and Welfare Society, but in the Delhi high court, they claimed that the varsity was a different organization. We also came to know about various irregularities committed by the Galgotias, including embezzlement. That is when we decided to file the case against Sunil Galgotia,” Sunil Agarwal said.

Galgotia’s Wife & Son Of Galgotias University Arrested For Forgery

The case of forgery and default in payment of loans worth Rs 100 crore was filed last month by SE Investment Limited at Hari Parwat police station in Agra.

The chief judicial magistrate (CJM) Khaliquzzama of Agra ordered to raid the house of Sunil Galgotia, the chairman of Galgotia University, in Noida. Obeying orders of the court, cops raided on Tuesday and detained Galgotia’s wife Padmini along with son Dhruv. However, the main accused, Sunil Galgotia, managed to get stay order.

Despite putting heart and soul for seeking bail of Mrs. Galgotia and son Dhruv, none could do so as the CJM had put them under 14 days’ remand.

The registered complaint says that the owners of Shakuntala Education and Welfare Society approached for loans that were sanctioned. But the runner of the institution Sunil Galgotia did not pay installments on time neglecting several reminders for the payment.

The forgery came in notice when it was uncovered that the documents, including balance sheets, submitted for loans were all bogus.

The FIR states that ten loans had been taken by Sunil Galgotia from SE Finance Limited between 2010 to 2011. Adding up all loans ranging from Rs. 80 Lakh to Rs. 37 crore, the debt is calculated worth Rs. 120 crore including interest. The debtor had to settle the loan amount in 24 installments but only few installments were paid and thereafter, installments were stopped, informed SSP Shalabh Mathur.

Despite dispatching of several notices to the society, no response was given in context of payment.
“As per the company’s declaration, the Galgotias have to pay a sum of Rs 120 crore to the SE Investment Company. This includes interest on the huge sum as well,” the SSP unveiled.
Now, non-bailable warrant has been issued for arresting the defaulter Sunil Galgotia, his mother Jugnu, wife Padmini and son Dhruv.

“At the time of taking the loan, the Shakuntala Education and Welfare Society presented fake documents. They claimed that Galgotia University was part of Shakuntala Education and Welfare Society, but in the Delhi high court, they claimed that the varsity was a different organization. We also came to know about various irregularities committed by the Galgotias, including embezzlement. That is when we decided to file the case against Sunil Galgotia,” Sunil Agarwal, the managing director of SE Investment Ltd., said.
So far, Padmini Galgotia has said nothing in comment over the matter while Sunil Galgotia managed to stay away from the media as well.

Galgotia’s Wife & Son Of Galgotias University Arrested For Forgery

The chief judicial magistrate (CJM) Khaliquzzama of Agra ordered to raid the house of Sunil Galgotia, the chairman of Galgotia University, in Noida. Obeying orders of the court, cops raided on Tuesday and detained Galgotia’s wife Padmini along with son Dhruv. However, the main accused, Sunil Galgotia, managed to get stay order.

The case of forgery and default in payment of loans worth Rs 100 crore was filed last month by SE Investment Limited at Hari Parwat police station in Agra.

Despite putting heart and soul for seeking bail of Mrs. Galgotia and son Dhruv, none could do so as the CJM had put them under 14 days’ remand.

The registered complaint says that the owners of Shakuntala Education and Welfare Society approached for loans that were sanctioned. But the runner of the institution Sunil Galgotia did not pay installments on time neglecting several reminders for the payment.

The forgery came in notice when it was uncovered that the documents, including balance sheets, submitted for loans were all bogus.

The FIR states that ten loans had been taken by Sunil Galgotia from SE Finance Limited between 2010 to 2011. Adding up all loans ranging from Rs. 80 Lakh to Rs. 37 crore, the debt is calculated worth Rs. 120 crore including interest. The debtor had to settle the loan amount in 24 installments but only few installments were paid and thereafter, installments were stopped, informed SSP Shalabh Mathur.

Despite dispatching of several notices to the society, no response was given in context of payment.
“As per the company’s declaration, the Galgotias have to pay a sum of Rs 120 crore to the SE Investment Company. This includes interest on the huge sum as well,” the SSP unveiled.
Now, non-bailable warrant has been issued for arresting the defaulter Sunil Galgotia, his mother Jugnu, wife Padmini and son Dhruv.

“At the time of taking the loan, the Shakuntala Education and Welfare Society presented fake documents. They claimed that Galgotia University was part of Shakuntala Education and Welfare Society, but in the Delhi high court, they claimed that the varsity was a different organization. We also came to know about various irregularities committed by the Galgotias, including embezzlement. That is when we decided to file the case against Sunil Galgotia,” Sunil Agarwal, the managing director of SE Investment Ltd., said.
So far, Padmini Galgotia has said nothing in comment over the matter while Sunil Galgotia managed to stay away from the media as well.