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The probe revealed that Ramendu Chattopadhyay, CMD, Tower Infotech, and other directors entered into a criminal conspiracy by fraudulently issuing certificates/bonds/receipts of investments in preference shares, debentures and advances against solar products and tour packages of Tower Infotech to investors assuring higher returns.
Sebi: The other firms whose properties will also be auctioned are Kolkata Weir Industries, Tower Infotech group, GBC Industrial Corp group, Teachers' Welfare Credit and Holding group, Hahnemann Herbal group and Annex Infrastructure India Ltd.
The other firms whose properties will also be auctioned are Kolkata Weir Industries, Tower Infotech group, GBC Industrial Corp group, Teachers' Welfare Credit and Holding group, Hahnemann Herbal group and Annex Infrastructure India Ltd.
The 17 properties being auctioned include land parcels, storied buildings, flats, and a commercial space situated across West Bengal, , securities and exchange board of india, sebi
17 properties will be auctioned belonging to seven business groups including MPS Group, Tower Infotech, and Vibgyor Group with a total reserve price of Rs 51 crore