The Hindu Business Line : IPO scam: Transit remand for accused

The four key accused in the Initial Public Offer (IPO) scam have surrendered before the Central Bureau of Investigation (CBI) and will be produced in the special CBI Court in Mumbai on Friday.

The CBI has been granted transit remand of the four — Deepak Panchal, Jayesh Khandwalla, Parag Zhaveri and Dhirendra Vora. A CBI Court in Ahmedabad, on a CBI petition, granted transit remand for one day and directed the agency to produce them in Mumbai by Friday evening.

"The case has been registered in the CBI Special Court in Mumbai. As it was not possible for us to take them to Mumbai within the stipulated 24 hours after arrest, we prayed for transit remand," the counsel for CBI, Mr Nishit Mehta, told Business Line.

More Stories on : Economic Offences | IPOs

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Tatas interested in nuclear power — We are for coal-based power projects: Ratan Tata

Long-distance calls turn cheaper; subsidy cut 33%
New regime to lessen burden on customers, private operators

`More corporate users of mobile devices, more security threats'
Forrester highlights need for adequate preparedness

Functional, modern, easy to scan, says Garcia

The new look Business Line

`I-T sops must to promote insurance spread'

Customised `leaptops' from HCL Info — Distribution relationship with Toshiba to continue

IPO scam: Transit remand for accused