- RBG Resources
RBG Resources was a British public-limited
firm based inLondon that was allegedly involved in a serious-fraud worth close to £300 million or US$600 million [http://www.guardian.co.uk/business/2002/may/19/theobserver.observerbusiness14] . Four Rastogi brothers - Virendra, Narendra, Ravindra and Subhash - were involved in running the firm. All three were convicted of one count of conspiracy to defraud in April, for which the maximum penalty is 10 years in prison, although most prisoners are released after half their sentence. They were prosecuted following a three-year investigation by the Serious Fraud Office (SFO) [ [http://business.timesonline.co.uk/tol/business/law/article4073395.ece timesonline] ] .RBG Resources, primarily a metals and minerals producer, recorded sales of $1.1 billion in 2000 [ [http://www.guardian.co.uk/business/2002/may/12/theobserver.observerbusiness3 The Observer 12 May 2002] ] .
Narendra Kumar Rastogi, who was also deported from the US for evading custom duty worth Rs. 540 million in India, was on Friday, July 11 2008 also remanded into custody of
Central Bureau of Investigation (CBI-India ) till July 18 by a court. According to CBI economic offences wing (CBI-EOW), Rastogi is wanted in at least seven cases in Mumbai, apart from several other cases in Delhi [ [http://www.thaindian.com/newsportal/uncategorized/rastogi-remanded-in-cbi-custody-till-july-18_10070570.html thaindian.com] ] .References
External links
* [http://www.nadr.co.uk/articles/published/AdresLawReports/RBG%20v%20Rastogi%202005.pdf RBG Resources Plc (In Liquidation) v Rastogi [2005] ADR.L.R. 05/24]
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