Preferential allotment proceeds diverted; Supreme Court upholds penalties
Terrascope Ventures Limited · Metals trading and investments
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
End-use tracing of funds
Fund transfers to share purchase accounts and related party loan accounts would be traceable via bank statements
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Ownership / related-party links
Identifying the related entities that received loans would reveal connections to promoters and insiders
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Bank credits vs books
Bank statements showing outflows to unrelated entities vs prospectus promises of internal capex
Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.
Where Kubr services would have helped
Borrower monitor
Offered in India- C1 Bank statements showing outflows to unrelated entities vs prospectus promises of internal capex
- C3 Identifying the related entities that received loans would reveal connections to promoters and insiders
- C6 Fund transfers to share purchase accounts and related party loan accounts would be traceable via bank statements
Proceeds tracer
Offered in India- C1 Bank statements showing outflows to unrelated entities vs prospectus promises of internal capex
- C3 Identifying the related entities that received loans would reveal connections to promoters and insiders
- C6 Fund transfers to share purchase accounts and related party loan accounts would be traceable via bank statements
Financial diligence
Offered in India- C1 Bank statements showing outflows to unrelated entities vs prospectus promises of internal capex
- C3 Identifying the related entities that received loans would reveal connections to promoters and insiders
Portfolio monitor
Offered in India- C1 Bank statements showing outflows to unrelated entities vs prospectus promises of internal capex
- C3 Identifying the related entities that received loans would reveal connections to promoters and insiders
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.