Political Influence Covers Up The Scams Going On In SGF India – Kewal Ahuja Fraud Breaks Through
- Jasmine Jose
- Jan 10, 2023
- 1 min read
SGF (Spice, Grill and Flame) incorporated dated January 29th, 2019, with the main objective of providing food services and ancillary objective included the business activities related to this industry and having Liaison offices and services rendering. SGF’s Kewal Ahuja is one among those franchisee owners who has grown up well in the franchising segment of business. He has become an owner of franchisee from few to many, from nowhere to everywhere.
According to the latest reports the billion-dollar sector of franchising in India is induced with scams and politics and Kewal Ahuja’s SGF is one among them. He is the BJYM treasurer of Delhi Pradesh and keeps a clean image in front of the public. His fraud comes out as the cheated franchisees make complaints and an analysis of the company accounts is made. Paid PR and advertisement clean his image on media and social media.
A deep analysis has been done of SGF and its sister concern company to highlight facts:
Both SGF and spice are registered at same address.
Kewal Ahuja remains as Key management in both the company. Both are related parties; spice is a sister concern of SGF.
The sister concern- spice’s reported turnover for last 3 years is as follows.
Y & Y (INR) 2017–18–1.26 crore 2018–19–2.54 crore 2019–20- 2.70 crore SGF in all these 3 years have reported NIL returns in GST and Income tax. However, the sister concern’s reported top line is mentioned above. This is a potential angle of fund misappropriation. SGF has a track record of statutory non-compliance in GST and MCA filings as well.
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