Surana Corp refutes cheating charge

Chennai, Apr 7 (UNI) Leading gold and steel manufacturer Surana Corporation today denied the charges following cases filed by Deenadayal Education and Health Trust (DEHT) for cheating to the tune of Rs 3.4 crore.

Talking to mediapersons here, Corporation Chairman G R Surana alleged that DEHT Trustee T D Naidu had lodged a false complaint that his company has duped him of Rs 3.4 crore, which was widely reported on March 30, 2007.

He also alleged that Mr Naidu owed Rs 23,92,488 to Suran Corporation on account of supply of steel bars based on the order received from him.

''Of the five cheques issued by him for the dues, one cheque presented to the bank for collection was dishonoured,'' Mr Surana said adding ''we have filed a suit against the Trust in Madras High Court claiming the due with intrest for the supply of steel bars.

Mr Surana also denied the charges, which was registered against him and his associates by the city police following a complaint from a bullion merchant Pradeep Jain of Myladuthurai with the Chennai city police commissioner.

He alleged that the CCB police had received a similar false complaint from Kishan Lal, a city-based gold merchant, that his company had cheated him to the tune of Rs 4.25 crore.

''Even though these complaints were pending, some miscreants have furnished false details stating that Surana Corporation Ltd has cheated the people to the tune of Rs 400 crore, which were reported in the newspapers,'' he pointed out.

Mr Surana said persons, who could not succeed by filing false cases had resorted to using the press as a tool to tarnish the image and reputation of Surana.

UNI