Cops analysing Home Trade computers
BS Regional Bureau
Cops are analysing data from a laptop purportedly belonging to Sanjay Agrawal, CEO of Home Trade Ltd, which was seized in Mumbai last week.
The police have also seized 25 computers from the offices of Home Trade in Vashi, Navi Mumbai, which could reveal more details about the scam, they said.
This was revealed by assistant public prosecutors Jayant Shringarpure and Neeta Pasarkar in Nagpur, when they sought extension of custody remand of Sunil Kedar, the chairman of the gilt-scam hit Nagpur District Central Cooperative Bank.
Kedar, the APPs said, was needed to analyst the data stored in the machines.
Kedar's custody remand was extended by two days on Wednesday after the state Crime Investigation Department requested more time to complete investigations.
Kedar was produced in the court of the judicial magistrate first class (Ganeshpeth), S A Ali by the CID after his five-day custody remand expired on Wednesday afternoon.
They said the addresses of two of the five brokerages, Century Dealers Pvt Ltd and Indramani Merchants Pvt Ltd given by Kedar as Clem Road, Kolkata and Pretoria Street, Kolkata, respectively, had turned out to be false.
Kedar had named five firms in his report to the Ganeshpeth police on April 25 maintaining that the NDCCB had been duped by them.
Kedar had said that Century Dealers and Indramani Merchants were based in Kolkata, while two other firms, Home Trade Ltd and Giltedge Management Services Ltd were based at Mumbai. The address of the fifth firm, Syndicate Management Services Pvt Ltd, was given as Ahmedabad.
The CID refrained from revealing investigations into the other firms, but said that the addresses at Kolkata had turned out to be fictitious.
The counsel for the CID also said that Kedar had visited Australia, Cambodia and New Zealand and investigations were needed to determine whether the trips were for pleasure or business.
The CID did not rule out Kedar having made investments in foreign countries.
The counsel said that the CID was also in the process of identifying bank accounts and lockers maintained by Kedar and required time for this.
They made a significant charge that the CID had uncovered certain links between Kedar and Home Trade Ltd and desired to pursue the lead to its logical end.
Elaborating, they said before NDCCB invested in Home Trade it was dealing with a sister concern of the brokerage, Euro Discover of Mauritius.
The CID suspects certain illegal transactions to have taken place during the period and the counsel said it wanted to inquire into the deals.
They asked for the custody remand to be extended by a week, however, the JMFC agreed for only two days.