Sanjay Gupta case - A twist in the tale

NEW DELHI

SEPTEMBER 30, 2006

The most looked-after case of the Delhi IT market involving Sanjay Gupta of
Gravis Computers, who swindled channel partners' money, has got another twist
in the tale. Sanjay Gupta, who is out on bail, in his efforts to evade charges,
is now trying to implicate members who had got him booked under charges of fraud
and decamping.

Gupta has lodged a written complaint in the court of Metropolitan Magistrate
RK Singh against Arvind Singhania of Venktron Electronic Systems alleging that
the bills submitted by him are bogus and accordingly he does not owe any money
to Singhania. Consequently, the Magistrate has ordered an inquiry into the
matter soliciting the duty officer who was investigating the primary case
against Gupta to submit report in the court.

Explaining the chain of events V Krishnan, Secretary PCAIT (Progressive
Channels Association of Information Technology) illustrated, “Since Gupta is
now free on bail he is trying to capsize the case against him. The learned
defense counsel has submitted a written complaint in the same court in which
Gupta's case was enrolled; challenging the authenticity of bills presented by
Venktron Electronik's Arvind Shinghania. The opposition counsel has raised
this point that Venktron's bills are fabricated and are not the part of sales
made to Gravis and therefore invites inquiry against Singhania. But after
thoroughly examining the case the Magistrate has pronounced the judgment in our
favor. While investigating the case this fact came to light that VAT (Value
added tax) has been paid by Singhania on all the material he supplied to Gupta
and thus there was no question of bills submitted by him being bogus.”

Corroborating Krishnan's statement Arvind Singhania, CEO of Venktron
Electronik Systems said, “The courts verdict has given me a big relief as this
whole endeavor by Gupta was aimed at maligning my image. We have written a reply
to Economic Offences Wing of the Delhi Police taking into account all the
relevant documents that proves my innocence; and in doing all that Krishnan was
a great help to me.”

However, the aggrieved parties of the Gravis Computers case are extremely
hopeful of the final court's verdict as Singhania hinted, “We have full
faith on the Indian judiciary and the efforts that PCAIT members are putting in
to bring justice to the Sanjay Gupta case, since we firmly believe in the adage
that justice might get delayed but not denied.” The next date of hearing of
Sanjay Gupta case is on January 7 next year.

Apart from this Gravis Computers case also had an interesting episode in
which Gupta has accused another Nehru Place-based dealer Mahinder Aggarwal of
Broadways Computers of breaking open his office premises. It was known from
market sources that Gupta had taken Rs 6 lakh from Aggrawal to compromise and
make an out of the court settlement.