The Crime Branch of Delhi Police lodged an FIR on January 11 following a court's direction on a complaint by M/s Morgan Securities and Credits Pvt Ltd, which alleged that BPL Display Devices Ltd, Videocon Industries Ltd and top officials of both the firms had not repaid them over Rs five crore which they had taken from them.
In its complaint, Morgan Securities and Credits Pvt Ltd had said the accused persons "have cheated the complainant company by forging and fabricating documents, including valuable securities and using them as genuine."
The FIR has been filed against various others in Videocon and BPL under various provisions of the IPC including sections 420 (cheating), 465 (forgery), 120-B (criminal conspiracy).
Morgan Securities and Credits Pvt Ltd said the officials of both BPL Display Devices Ltd and Videocon Industries Ltd had approached them for financial assistance by way of "bill discounting facility" with "promise to repay" the money as per mutually agreed terms.
"The accused persons dishonestly induced the complainant company to extend bill discounting facility to them. The amount outstanding and payable by accused number one and eight as on August 31, 2012 is Rs 1,35,42,88,801. But the accused persons have not repaid any amount till date to complainant company despite several demands and requests," the FIR said.
Efforts to get the reaction of Videocon spokesperson did not fructify.
