Colva: The main district and Judge Irshad Agha’s session on Wednesday granted the guarantee to the Chairperson of Aatharvu Infra and Agro, Shivaji Nikade who was ordered in connection with the alleged case of cheating in which Scaman investors were up to more than Rs 1 Crore.
The applicant will be released on the 5 bond furniture Rs 1.00,000 with one solvent guarantee in the like, the court states.
The economic cell violation of Goa police cells has ordered Nikade and six corporate directors to lure and deceive 70 investors from the country.
Ponda Resident Ajit Aeer has submitted a complaint stating that, from July 2014, accused of their office in Mumbai and their branch office in Margao has attracted investors with various deposit schemes.
Investors are promised high refunds on their investments, but the amount of maturity is guaranteed not paid and instead, ‘misused’, the complaint is stated.
The complaint stated that all defendants collected RS 1.9 Crore as an investment.
The police have arrested Nicade of Dahisar in Mumbai, Ganesh Hamdas Hajare from Kurla in Mumbai, Sachin Hanumant Gosavi of Thore, and Mukesh Babalal Sundesha of Goregaon in Mumbai in July 2019.
Three others were accused of Sulindra Raosaheb Bhil of Ghatkopar in Mumbai, Rafiya Sahebmiya Shaikh From Dahisar in Mumbai and Patil Pundal from Batalagavi Arrested in September of the same year for alleged violations can be punished under Section 406, 409, 420 and 120-B from IPC and Part 3 and 5 of Goa’s Financial Protection (in Financial Establishment) Act , 1999.
Goa: Head of Financial Company Gets Guarantee in Cases of Rs 1 Crore Cheating
