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Accused Voneat Sethi in his statement u/S.313 Cr.P.C. stated that he only knew that M/s Pinki Zips had applied for loan for supply of machine. However, he pretended ignorance about other proceedings and documents. In respect of other incriminating evidence regarding process of loan, accused continued to pretend ignorance. In respect of the visit to button manufacturing unit, accused stated that he never directed any bank official regarding visit. Accused Voneat Sethi stated that at the request of A2 Deepak Arora, he had merely suggested to visit his own button manufacturing unit at Bhiwadi. Accused stated that this plant was imported from Italy and he had no knowledge that A2 Deepak Arora wanted to see this machinery. Accused stated that he had not asked for any advance prior to the visit of similar unit. However, he had asked for 30% for confirming the order and the total value of the machinery to be imported for supplying Pinky Zips was around Rs.1 crores 80 lacs, out of which around 54 lacs was to be given in advance for the order to be initiated. Accused admitted to have received banker's cheque No. MC 196/98 dated 17.01.98 in the sum of Rs.15 lakhs from A2 Deepak Arora in his office. In respect of the issuance of the cheque dtd. 17.01.98 and 10.02.98, to DELHITES, the accused admitted to have issued the same in the normal business transactions. Accused stated that he did arrange for the visit of M/s UJ Zippers (Pvt) Ltd. at the request of A2 Deepak Arora. Accused stated that he had no knowledge about the report submitted by the bank and he was asked by A2 Deepak Arora to arrange for a visit of a unit where a plant supplied by proposed supplier had already been installed. Accused stated that he received only Rs. 30 lakhs by way of pay order from A2 Deepak Arora and remaining cheques were never presented by him except for one or two cheques which were dishonoured on presentation. This receipt of Rs.50.70 lacs included the cheques given by A2 Deepak Arora which were either not presented or returned dishonoured on presentation. In respect of the cheques Ex.PW2/A and Ex.PW2/B dtd. 19/1/98 and 17/1/98 of Rs. 4 lakhs each in favour of M/s Kumar & Co., for purchase of shares, the accused stated that the cheques were issued during the course of normal business transactions and it has nothing to do with the present transaction. Accused stated that his relation with A2 & A3 were purely commercial and he has nothing to do with the sanction and disbursement of the loan to them. Accused stated that he himself and his brother have been in the business of Zippers and buttons since 1984 and had imported the first plant for Zipper manufacture from Japan in 1984 beginning and further had imported button manufacturing plant from Italy in 1996. Accused stated that as import of machinery was very difficulty in 1984 they had acquainted themselves with the procedure to import and installation of such machinery/plants as well as gained experience in the manufacture of Zips as well as buttons. Accused stated that they were the agents of a very big manufacturer of Zips in Bombay now Mumbai in which they were dealing with all kinds of Zippers giving them the knowledge of the marketing of all kinds of zippers. Accused stated that they were given sales tax registration in 1984 for the sale of manufacture zippers vide certificate Mark A. Accused stated that they were also having certificate of importer­exporter code dated 18.3.94 Mark B. and another import­export code in the name of Dior Impax issued on 20.5.1997 mark "C". Accused stated that he was approached by A2 Deepak Arora in his office for a supply of integrated zipper plant in the year 1996 for which he ie. A4 had convinced him to import the machinery from Taiwan against machinery available in Germany and Japan as Taiwanese manufacture had full knowledge of the Indian market and technologically adapted to the buyers in the local market and on his insistence A4 had provided him proforma invoices for similar plant from Germany , Italy and Taiwan.