Ashok Mittal and wanted hawala dealer Nandkishore Chaturvedi invested in Hotel Royal Plaza through Hillcrest, an illicit foreign shell company, according to an IT probe
Ashok Mittal and wanted hawala dealer Nandkishore Chaturvedi invested in the Hotel Royal Plaza through Hillcrest, an illicit foreign shell company, according to an Income Tax probe. Out of the six foreign companies of Ashok Mittal's Royal Plaza under the IT scrutiny, two of them, Hillcrest and Bamberg, are directly involved in laundering the black money investment to the tune of Rs 29 crores in the hotel in 2003, masking it as a FDI (foreign direct investment). The Hillcrest has ties with Mittal as well as Chaturvedi, and both have played a crucial role in facilitating the illegal money laundering scheme and later ousting the owner, RP Mittal, and taking control of the hotel.
RP Mittal has already challenged the illegal takeover of the hotel's management and operation using Hillcrest befo...










