Mumbai: Bombay High Court provides a guarantee to Kedar Vanjpe, son-in-lawful real estate developer imprisoned Deepak Sakharam Kulkarni, with respect to RS 2,043 Crore Creating Case.
Kedar was arrested in May 2018 and has been submitted in Jerawada Central Prison since then.
Allegedly to kingar that when he was the executive director of the DSK company at that time, land in Fursungi, Pune was bought from farmers at low prices and then sold at increased prices.
Advan Nikam Aniket, advice for Dipar Vanjpe, rejected before the alleged high trial of involvement in receiving deposits from depositors.
None of the deposits involving their clients.
None of the witnesses associated any role to receive deposits to dipar.
The provisions of the MPID Law did not apply to the applicant because he was not involved in providing representation to depositors.
Nikam further argues that no land in the Fursungi purchased in the name of a dedicate or whatever money is credited to his account from land sales in Fursungi.
Judicial bench Nitin Sambre received a filation of a bail to Kedar Vanjpe after observing that there were almost no ingredients to conclude that whenever the applicant had attracted money to the customer.
Kedar is the company’s first executive director to get a guarantee from the High Court.