YDS-DK-PS Farmer Producer Company (YFPC) is closed
YFPC Ltd has been closed due to fraudster activities done by its promoter director Mr. Yagya Dutt Sharma. He has been issued notice and complained to police and also filed case in court. Public is warned to avoid this person in connection with YFPC company. Other directors will not be responsible for any contract done with Mr. Yagya Dutt Sharma. his photo and notice issued to him has been shown below.
Mr. Yagya Dutt Sharma, committed a fraud with us.
To: Mr. Yagya Dutt Sharma Flat no. 1005, AVJ Homes Sector-Beta-2, Greater Noida Distt Gautam Buddha Nagar, UP- 201310
SUBJECT: Notice for FRAUDULANT ACTIVITIES OF MR. YAGYA DUTT SHARMA WITH COMPANY FUNDS
Dear sir,
As per resolution of YFPC stake holders’ online meeting held on 17th August’22, the notice is hereby given to you to submit your explanation for fraudulent activities and misuse of company funds for personal use. Following has been recorded as the series of events.
1. You have committed a breach of faith among directors of the company, by obtaining the signatures of the directors on blank letter head on 29 th July’ 22, with a promise to use the paper to prepare board resolution on similar basis as given in the IDFCFB account, for the purpose of opening the account in SBI, Bulandshahr. But on 30th July’ 22, the blank signed paper was not used in the account opening. Therefore, you were asked to return the blank signed paper and you told that you forgot the paper at home and agreed to torn off and put the photo on whatsapp for all to see.
2. On 01st Aug’ 22, the blank signed paper was used to prepare board resolution to operate singlehandedly by you up to Rs.90 Lacs and submitted in IDFCFB account fraudulently and contact information of original account operators were deleted, so that other directors may not get the updates of account operations.
3. On 02nd Aug’ 22, you also got issued a new cheque book for the account, while old cheque book was available with Mr. Jitendra Varshney, the original finance controller.
4. On 02nd Aug’ 22 you transferred Rs.7.51 Lacs to your personal account in the same bank, leaving only Rs.420/- in the company’s account, without approval of the board of Directors. In view of above, You are directed to immediately return back the company money of Rs.7.51 Lacs to the company account and also submit your explanation on above sequence of events within a week positively by 26th August’ 22.
Further action shall be taken as per resolution of the meeting, in case you do not follow the above directions of returning whole money to the company account and/or you do not submit the explanation.
Thanks and regards
(S.P.Sharma) Chairman & Director(Projects & planning) Ph. 9650999196