Business Daily from THE HINDU group of publications Wednesday, Jul 05, 2006 |
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Markets
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Economic Offences Our Legal Correspondent
Kolkata , July 4 Mr Dinesh Dalmiya, the prime accused in the Rs120-crore scam of the Calcutta Stock Exchange in 2001, on Tuesday filed an appeal challenging the order of Mr Justice Protap Kumar Roy, rejecting his petition seeking quashing of FIR lodged by the CBI. A Division Bench of the Calcutta High Court, comprising Mr Justice V.S. Sirpurkar, Chief Justice and Justice Patheriya, has started hearing the matter. The counsel appearing for Mr Dalmiya argued that the allegations levelled against his client were false. He was Chairman of DSQ Software and some share brokers transacted some shares in contravention of the laid down rules, and Mr Dalmiya was held responsible, and on the basis of an FIR, the CBI initiated case against Mr Dalmiya, he submitted. As the company was located at Chennai, Mr Dalmiya moved a Chennai court, but the Supreme Court directed that the Calcutta High Court shall hear the matter. Mr Justice Roy rejected the writ petition of Mr Dalmiya on the ground that several allegations against him were found correct.
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