Published On : Tue, Jan 20th, 2015

HC asks govt to file report in Shreesurya scam in 8 weeks

Nagpur: About 80 accused in the Shreesurya multi-crore investment scam are being interrogated and examined by the police. This information was given by the government pleader to the high court here. Looking in to the intricacies of the case, the Nagpur bench of the Bombay High Court has asked the government to file its report within 8 weeks.

It may be noted here that the chief of Shreesurya group Sameer Joshi and his wife Pallavi Joshi had promised attractive returns on the deposits made by the investors. In the process, they cheated the investors to the tune of crores of rupees.

The Shreesurya Pidit Thevidar Kruti Samiti has filed a criminal writ petition in the Nagpur bench of the Bombay High Court demanding that the investigations in the matter should be handed over to CBI.

According to police, the Shreesurya Investment Company was neither registered under the Partnership Act nor under the Companies Act.
Police further disclosed that the investment firm has not taken the permission of the Reserve Bank of India for accepting deposits and running various schemes under it.

A criminal case came to be registered against the Joshi couple at Rana Pratap Nagar police station on September 2013. Both were charged with offences under sections 420, 34 of the Indian Penal Code and under section 3 of the Maharashtra Protection of Interest of Depositors (MPID) Act. The petitioner were represented by Adv Anil Killor.