SRINAGAR: Concerned authorities on Thursday sealed the office and a bank account of fraudulent Vista Group that had announced a ‘mega recruitment drive’ in Srinagar nine days back.
The district administration, Srinagar, today sealed its office in Jawahar Nagar locality in uptown Srinagar. The administration has also directed the Axis Bank to freeze the company’s account at its Srinagar branch.
The Deputy Commissioner, Srinagar, had asked Sub-Divisional Magistrate, Syed Hanief Balki, to probe the case. Some job aspirants had reportedly approached his office demanding probe into the suspected fraud.
Balki said his office summoned the company’s director, Burhan Baig, this morning for hearing. Baig attended the hearing along with a group of lawyers.
The probe also revealed that the company’s registration certificate of the Labour Department was fake. This was also reported by daily Excelsior on November 1.
The case is expected to be taken up for further investigation with the Crime Branch of the Jammu and Kashmir Police.
Pertinently, this website published an investigative reportage on October 31 that made some important revelations about the suspicious identity of Burhan Baig and the fraudulent business he had been involved in earlier. It also exposed the company’s misleading claims of being a multi-national company.
Read the reportage here: Story behind the controversial Vista Group: The past and present
Some private vendors, which had supplied products and services to the Vista Group on credit, are now concerned about the large amounts of money that the company was yet to pay, either partially or fully. Some of them have already received cheques which are of the Standard Chartered bank and the bank may take a few more days to cash them, if they do not bounce.
Correction: We had mistakenly written ‘Monday’, instead of ‘Thursday’, in the first paragraph. It is now corrected.