Stocks

StockGuru scam: Police files supplementary chargesheet

PTI New Delhi | Updated on March 12, 2018 Published on August 02, 2013

Delhi Police today filed a supplementary chargesheet in the multi-crore ‘StockGuru’ scam case against an alleged agent of prime accused Ullhas Prabhakar.

The chargesheet at a court here was filed against Naresh Kumar alias Naresh Kharb.

Metropolitan Magistrate Harvinder Singh has fixed the same for consideration on August 16.

Special Public Prosecutor Pramod Dubey said that Naresh was one of the prominent agents working for Ullhas and the probe agency had recovered Rs 4 crore from his house during a raid.

Kharb, who was arrested in May, has been chargesheeted for the offences of forgery, criminal conspiracy, criminal breach of trust under the IPC and Section 3, 4 and 5 of Prize Chit and Money Circulation (Banning) Act.

Meanwhile, the Investigating Officer in the case, Inspector Raj Kumar Shah, deposited over Rs 49 crore seized from the accused persons as Fixed Deposit Receipt in the court in pursuance of its order. Shah told the court that more arrests were likely in the case.

The Income Tax Department has also deposited nearly Rs 34.69 crore seized from the accused as FDR in the court, Dubey said.

The main accused in the case, Ullhas, and Raksha J Urs, presently in judicial custody, were arrested by the Economic Offences Wing (EoW) of Delhi Police on November 10 last year from Ratnagiri in Maharashtra.

They are accused of duping around two lakh investors across seven states of nearly Rs 500 crore by promising them high returns through their firm StockGuru India, dealing in stocks.

Published on August 02, 2013
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