HNG Industries Scandal: Union Files Complaint over Rs 42.46 Crore Diversion
The HNG Industries trade union has lodged a complaint against suspended directors Sanjay and Mukul Somany for misappropriating Rs 42.46 crore. Accusations include high flight risk and asset disposal. Allegations extend to the Resolution Professional for inaction. Legal measures such as arrests and asset seizures are demanded.
- Country:
- India
The HNG Industries' trade union, HNG Industries Thozhilalar Nala Sangam, has escalated its fight for justice by filing a comprehensive complaint against suspended directors Sanjay Somany and Mukul Somany. The allegations involve the diversion and misappropriation of Rs 42.46 crore, prompting an urgent call for legal action.
The union's claim highlights the directors as "grave flight risks," suggesting they might abscond, as hints of their asset disposal and fund transfers beyond creditor reach emerge. It has demanded strict legal steps, including arrests, passport seizures, and asset freezes.
Moreover, the union accuses Resolution Professional Girish Juneja of negligence, arguing he hasn't adhered to binding judicial orders. With thousands of families facing severe socio-economic hardship due to unpaid dues and siphoned funds, the union's appeal underscores an immediate need for justice.
(With inputs from agencies.)
Google News