The FIR follows a civil suit filed by Jain against Xander Investment Fund and its Chief Manager Rohan Sikri, Pratik Tibarewal and Rakesh Shah for issuing a default notice worth Rs 450 crore.

An FIR was filed against Pune-based Xander Investment Fund Management for illegally accessing the conversation, invoices, reports of construction projects, project query and also deleting important emails that were to be submitted as an important evidence in an ongoing case pertaining to a Rs 450-crore default notice. The FIR against Xander Fund was filed under Section 204 of the Indian Penal Code which states the destruction of document or electronic record to prevent its production as evidence, and Section 43, 66 of Information Technology Act.

The complaint against the private equity real estate arm of global investment firm The Xander Fund was lodged by Lalit Jain, Director of KUDPL. The company went into an agreement with Xander Investment Fund Management in 2013 for making an investment to the tune of Rs 280 crore in the form of equity shares and listed non-convertible debentures for the project Nirvana Hills in Kothrud.

The FIR follows a civil suit filed by Jain against Xander Investment Fund and its Chief Manager Rohan Sikri, Pratik Tibarewal and Rakesh Shah for issuing a default notice worth Rs 450 crore. In return a counter-suit was also filed by Xander against Lalit Jain and directors of KUDPL in Delhi High Court in May. As a strong evidence KUDPL wanted to present email records of conversations with employees of Sinew Developers which are an associate of Xander Investment Fund.

However, when the laptops were checked, officials of KUDPL found several email conversations to be missing. “The deleted mail were useful to produce as evidence in the civil case at the Delhi  High Court and Pune Session Court,” the FIR read.

The complainant has also provided the email ids of several employees whose mails have been deleted. Police said they were investigating the matter of deletion of mails and other electronic content.

Read More: https://indianexpress.com/article/india/fir-against-equity-real-estate-giant-xander-investment-for-destroying-evidence-6057860/