The complaint lodged recently in the court of chief metropolitan magistrate Prem Kumar, stated that the company accepted public deposits through JVG Leasing Ltd and credited to the account of JVG Finance Ltd. The company facilitated further deposits by JVG finance. Since the company had already accepted deposits beyond permissible limits, RBI had advised it not to accept further deposits.

Under the provisions of Section 5813(5) of the RBI Act, 1934, any person receiving deposits in contravention of the RBI directions is liable to be punished by imprisonment upto three years and a fine up to double the amount of deposits received.

RBI also made the company chairman Sukhbir Singh and its directors Vijay Kumar Sharma, Veena Sharma, T S Bhan, Dinesh Prashar, SanjaySharma, Bhanwar Singh, Surya Thapar, Vinay Kumar Sharma and Surat Prakash Sharma a party in the complaint.