Sahara India Pariwar went on the offensive on Thursday accusing Mirach
Capital of cheating and forgery in the failed $2.05-billion loan arrangement.
As reported earlier by Mail Today, it has now initiated legal action
against the US-based firm and is now working on a new deal to raise funds to
secure bail for its chief Subrata Roy.
The crisis-hit group alleged that Mirach and its CEO Saransh Sharma's
criminal conduct and lack of financial capabilities to honour such huge
commitments led to the breaking down of its deal, leading to precious loss of
time, resources and position of Sahara.
"... Sahara is now taking legal action, both of civil and criminal
nature, against such gross criminal conduct of MCG (Mirach Capital Group) and
their officers, both in India as well as in the US," a Sahara spokesperson
said.
He said that an FIR has already been filed in this regard, while adding
that the group is now working on another deal and Sahara will comply the order
(of the Supreme Court) very soon.
Mirach had on Wednesday formally called off its $2.05-billion loan
financing for Sahara and said it has returned the entire due diligence fees of
$2.625 million to them. It also accused Sahara of being an unwilling seller for
the three overseas properties - The Plaza and Dream Downtown in New York and
the Grosvenor House in London.
Shockingly, on January 9, Sharma along with a woman officer was also
present in the Supreme Court when Sahara's counsel presented the said letter
purportedly issued by Bank of America, based on which the apex court approved
the transaction and permitted Sahara to apply to the Reserve Bank of India
(RBI) for getting inward remittance in India.
Later on, Bank of America branch manager Nuno Marques informed through
his e-mail dated January 31, 2015 that the said letter purportedly issued by
him was neither issued nor signed by him. Hence, the letter turned out to be
forged.
Subsequently, Sahara sent its officer to the US to confirm the veracity
of Bank of America's letter and on February 2 filed an affidavit in the Supreme
Court, informing it about these disturbing developments.
Meanwhile, upon inquiry, the Sahara officer confirmed that the Bank of
America's letter was a fake, not issued or signed by the branch manager
concerned. Thereafter, Sahara confronted Saransh, who was not been able to
confirm the veracity of the said BOA letter.
