In the ongoing case of falsification of documents of Pune-based software security solutions company Quick Heal Technologies, the police custody of accused Manohar Malani has been extended till April 16 by the judicial magistrate first class in Pune.

Kolkata-based Malani, a former distributor for QH products and the MD and CEO of NCS Computech Ltd, Kolkata was arrested and brought to Pune on the basis of an FIR filed by Quick Heal with the city police.

The FIR was against Malani and others for cheating, forgery and criminal intimidation under various sections of the Indian Penal Code.

Elaborating on the matter, Rajesh Ghonasgi, CFO, Quick Heal said that Malani whose distributorship arrangement with the company was terminated two years ago, owed the company Rs 20 crore.

The cheques he issued had bounced and since no steps were taken by him to pay his dues, legal recourse was taken.

One day before the Feb 18 listing of the Quick Heal scrip on the stock exchange, Malani had submitted false documents to market regulator SEBI claiming that he was allotted 20,000 shares of Quick Heal on March 31, 2001, and the information was not disclosed in the DRHP, Ghonasgi said.

Quick Heal challenged this and lodged an FIR with the police on Feb 23, 2016.

Based on Quick Heal’s FIR, the police investigated the matter and arrested Malani on April 7 and brought him to Pune on a transit warrant issued by a Kolkata Court, the company had said in a filing to stock exchanges on Monday.

Malani was produced before the court of a First Class Judicial Magistrate on April 9, and remanded to police custody till April 12.

Today the custody was extended till the April 16.

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