EOW books Plutus holdings and its former employee of cheating Provogue clothing of Rs 90 crores
Former Provogue promoters accuse Plutus Holdings and its employees of a ₹90 crore fraud during liquidation. Allegations include a conspiracy to undervalue assets, specifically a Hong Kong subsidiary, and failure to recover substantial export dues. The Economic Offences Wing is investigating the case, with an FIR registered against four individuals.
Former Provogue promoters accuse Plutus Holdings and its employees of a ₹90 crore fraud during liquidation. Allegations include a conspiracy to undervalue assets, specifically a Hong Kong subsidiary, and failure to recover substantial export dues. The Economic Offences Wing is investigating the case, with an FIR registered against four individuals.
