Home > News Shots > Business

By Saradha | Sep 15, 2020 02:53 PM

An FIR has been reportedly registered in Mohali against Ritesh Agarwal who is the founder and CEO of Oyo Hotels and homes Private Limited (OHHPL) and Sandeep Lodha who is the CEO of OHHPL’s brand Weddingz.in.

OYO Founder Ritesh Agarwal Booked for \'Fraud\' and \'Criminal Conspiracy

They have been booked for committing alleged “fraud and criminal conspiracy”. Oyo has denied those charges. 

The complaint has been filed by Dera Bassi police in Mohali district based on the charges made by a Chandigarh- based businessman Vikas Gupta who has accused Oyo of wriggling out a business agreement with illegal and criminal intent. 

The news daily Tribune reported that SSP, Dera Bassi police marked the complaint to SP (Rural) Mohali, who recommended that an FIR be held registered

“The complainant alleged that agreement was signed in 2019 between his company Vikas Mineral Foods Pvt Ltd (VMFL), which also runs the marriage palace Casa Villaz Resorts Dera Bassi. In a press conference on Monday, Gupta said Chandigarh head of Weddingz.in came into his contact in June 2019 and expressed interest in running the business of his banquet hall in exchange for a fixed monthly compensation,” Times Now reported.

He stated that an agreement was signed after the NOC and requisite documents asked by OHHPL were submitted and the same documents were allegedly ratified by the finance and legal team of the company.

அரசியல், விளையாட்டு, நாட்டுநடப்பு, குற்ற சம்பவங்கள், வர்த்தகம், தொழில்நுட்பம், சினிமா, வாழ்க்கை முறை என பலதரப்பட்ட சுவாரஸ்யமான செய்திகளை தமிழில் படிக்க இங்கு கிளிக் செய்யவும்      



This page contains news relating to various facts and events. The views are generally about current affiars and general topics in diversified areas such as political, international, national, and regional issues, sports, health, travel, lifestyle, technology and business. People having similar interets on the above topics will find this page useful. OYO Founder Ritesh Agarwal Booked for 'Fraud' and 'Criminal Conspiracy | Business News.