2 weeks ago
1
A section tribunal has remanded promoter of Shivam Associates Shivanand Neelannavar, who is facing the complaint of violating fiscal regulations, to 10 days successful constabulary custody.
Officers of the Criminal Investigation Department and the metropolis constabulary produced him earlier the Second Additional District and Sessions Court present connected Monday. Judge Gangadhar K.N. remanded him to custody for 10 days.
A squad of officers led by Deputy Inspector-General of Police Bheemashankar Guled questioned the accused for implicit an hour.
Police sources said that helium whitethorn beryllium taken to Bengaluru for further questioning.
An enquiry by the Assistant Commissioner revealed that the accused collected wealth from 35,000 radical promising them 36% interest, without obtaining support from immoderate fiscal regulator similar the RBI oregon SEBI.
Offices of Shivam Associates person been closed and their transactions person been frozen pursuing the investigation.
