Corporate Fraud: Delhi Police EOW Investigates Company Takeover Battle, ED May Join Probe

• Delhi Police's Economic Offences Wing (EOW) has registered a case of corporate fraud involving illegal share transactions and forged documents.
• The complaint was filed by Zion Universal, alleging a conspiracy to unlawfully gain control of the company and money laundering worth crores.
• Accused include Sadar Himalayan Paradise Private Limited (now IHHR Hospitality (Himachal) Private Limited) and its directors.
• Allegations detail forged documents for an interest-free loan converted to equity, increasing authorized share capital and diluting Zion Universal's stake.
• Given the financial irregularities and potential money laundering, the case may be transferred to the Enforcement Directorate (ED).

Why It Matters: Delhi Police EOW is investigating a major corporate fraud involving illegal share transfers and forged documents, with potential ED involvement.