Gymkhana Club Delhi
Former bureaucrats and politicians who are managing the Gymkhana Club are misleading not only the Ministry of Corporate Affairs but even the NCLT. Not only this but they are also accused of lying to the club members and not providing them with the forensic audit report.
The government director appointed to investigate the scams and financial irregularities in the Gymkhana Club is cheating the government, the court and the club members who appointed him! It is alleged that he deliberately misled even the NCLT and the MCA regarding the forensic reports related to the scams. The information of the report has also been hidden from the club members. Most questions are being raised on the role of former bureaucrat and club president Malay Sinha. Significantly, Sinha has also suppressed the case of forgery done by the former secretary of the club, Jatinder Pal Singh, for membership. An attempt was made to talk to him about this, but he did not pick up the phone.
Misled the members of Gymkhana
It is noteworthy that a forensic audit was conducted last year to investigate the scam and financial irregularities in the Gymkhana Club. This report was received by club president Malay Singha in November 2022. It is alleged that in order to save the accused who appeared in the report, this report has been kept hidden from the members of the club till date. While distributing the balance sheet to the members before the general body meeting of the club on December 15 last year, the members were misled by saying that a forensic audit was underway. While the forensic audit report was received.
Lied in NCLT as well
The surprising thing is that a former bureaucrat and a BJP leader, went on embarrassing his own government and left no stone unturned to mislead even the NCLT in this matter. During the hearing in NCLT on 25 November 2022, the tribunal was openly misled that the forensic audit is still going on. After this, the case has been heard five times in NCLT. But it is alleged that NCLT has been kept ignorant of the forensic report even till now.
Division in the name of advocacy
After an investigation of the forensic audit report, questions have been raised on the payment of crores of rupees made to the club members as lawyers. As per reports, Rs 77 lakh was paid to club member Arun Kathpalia and Rs 28.76 lakh to Gaurav Mohan Liberhan. The membership of the club that these two got was also given by keeping the rules in check. Significantly, out of this a large amount was given in the name of a video conference held between two houses in the same Colony. Not only this, the companies of the club’s own members J. C. Bhalla & Co., Walker Chandiok & Co., and S.N. Dhawan & Company’s appointment as statutory auditor has also come to the fore.
Mistake in choosing an investment advisor
Gymkhana Club had deposits of more than two hundred crore rupees through membership fees and other means. An advisor was to be appointed to invest this money. But out of the three companies set to award this contract, that company was appointed, which asked for the highest amount for consulting. Because Rahul Sharma, the advisor of this company, was a long-time tenant in the Gurgaon Sector 31 property of Mandeep Kapoor, who headed the finance committee. When the question was raised, Kapoor said that the property referred to does not belong to him. But later it came to public notice that the property belonged to Kapoor only. This has also been objected to in the forensic audit.
Investment without permission
The forensic audit revealed that an amount of Rs 46.03 crore was invested in 16 cases without the permission or consent of the Finance Sub-Committee and General Committee of the club. Prior permission was not taken for these also.
