Ex-BARC CEO Sunil Lulla summoned by CBI, lawyer calls allegations 'totally false'
Lulla's lawyer categorically told e4m that Lulla's 'conduct has been as per BARC policies & procedures'
The Central Bureau of Investigation (CBI) has issued a summons to Sunil Lulla, accusing him of rating manipulation and arbitrary business decisions during his tenure as the CEO of BARC, say reports.
exchange4media reached out to Lulla's lawyer who responded with a statement: "Mr. Sunil Lulla has been a high integrity professional in his entire career and has an unblemished track record. His conduct has been as per BARC policies & procedures and all the allegations made against him are totally false. We have complete faith in the rule of law and the Hon'ble courts.”
Lulla has been charged under Section 406 (criminal breach of trust), Section 420 (Cheating and dishonestly inducing delivery of property), Section 465 ( Punishment for forgery), Section 468 (Forgery for purpose of cheating) and Section 477 (Fraudulently destroying or defacing, or attempting to destroy or deface, or secreting, a will, etc.).
Apart from forgery (Section 465), all the other allegations come under non-bailable offences.
The matter will be brought up for hearing on December 15, 2022, in the CBI court.
