Vivek Agarwal is the promoter of Auditech 360 Management Consultants. He is the son of Chouthmal Agarwal.
Agarwal is the co-accused of Sunland Projects Pvt Ltd, which alongside its directors face a criminal investigation, alongside a case lodged in the NCLT in Kolkata.
At Rabindra Sarobar Police Station on December 22, 2023, Kolkata Police lodged the FIR accusing Sunlands its promoter, of “fraudulent share transfer” of 1,510,000 shares, “forging and manipulating records,” and “illegally striking off” a loan of Rs 9,95,64,143 from Sunland Projects Pvt Ltd, through conspiring with multiple co-conspirators, including Vivek Agarwal and Vishal Agarwal, as per the FIR.
A few months later, Vivek, who is co-accused, has also had his home raided in Howrah’s GT Road, with Kolkata Police being instructed “to seize and take possession of any forged documents, forged stamps & seals, computer-devices” and to ensure that “every part and portion of the aforesaid office of the accused persons is needed to be searched thoroughly”. This is as per the official 18-page document issued by Alipore Police Court Chief Judicial Magistrate.
Viveks integration with Sunland dives even further. Agarwal’s former co-partner in Auditech, Subhash Chand Khandelwal, was also a director at Sunland Projects Pvt Ltd. As of date, the present co-partner is Pooja Agarwal.
Agarwal, a co-accused and alleged conspirator, faces up to 16-years in imprisonment on the counts of fraud, forgery, and accounts manipulation, as per the Indian penal code. As a conspirator, he is likely to receive a lighter jail term, if convicted.
The share transfer documents were not signed by the petitioner, was not registered in front of the Public Notary and the gift deed was not uploaded in the Ministry of Corporate Affairs website. The case has been filed in the National Company Law Tribunal (NCLT), which constituted 33.33% of the total shares of the company.
Viveks standing as a, according to his company Auditech’s official website, “CA, DISA, CIFRS & CTax-UAE along with 15+ years of professional experience in managing & conducting the Management & Forensic Audit at Birla Group” faces risk with him being under criminal investigation, being allegedly involved and co-accused in organized corporate crime. Viveks’ reputation faces permanent scar through his alleged criminal dealings.
Amit Gupta, Sunlands promoter, according to the Sydney Morning Herald, a ‘target of a criminal investigation who is alleged to have conspired with others to bribe foreign public officials and to have engaged in money laundering and other offences’.”
The integration of Vivek Agarwal, his firm Auditech 360 Management Consultants, raises questions as to his source of earnings, associations and business dealings.
