Published On : Mon, Feb 8th, 2016

HC directs petitioners to scan all bank accounts of Shreesurya, Sameer Joshi in investment fraud

The directives came after only Rs 5.50 lakh deposits were found in 57 frozen accounts of Shreesurya Investment Company were found.

Sameer Joshi

Sameer Joshi

Nagpur: Justice Bhushan Dharmadhikari and Justice Zaka Haq of Nagpur Bench of Bombay High Court on Monday directed the petitioners to scan all bank accounts of Shreesurya, Sameer Joshi in the investment fraud and submit the report before the court. There are only Rs 5.50 lakh in deposits in 57 frozen accounts of Shreesurya Investment Company.

Sameer Joshi, through Shreesurya Investment Company, duped hundreds of investors in crore by promising them astronomical returns on their investments. In the fraud case, a Pavanbhumi-resident Amit Govind Morey lodged a complaint with Pratapnagar Police Station on September 14, 2013. Subsequently, the investigation into the case was handed over to Economic Offences Wing of Nagpur police. Apart from Nagpur, offences have been registered in Amravati, Akola and Pune. After investigating the case thoroughly, police had arrested Sameer Joshi and his wife Pallavi Joshi. Later, after slapping offences against several agents, they too were arrested. Pallavi Joshi and a few agents are out on bail while Sameer Joshi is still in jail. The Crime Branch after a detailed probe has so far seized 32 properties of Sameer Joshi and in the name of relatives. Similarly, banks accounts too were frozen. While the investigation was on, the Shreesurya Victims Association had moved the High Court and demanded a CBI probe into the investment fraud.

Hearing on the matter is going on before the court. The Economic Offences Wing has informed the court about the present status of investigation in the case. Information has come to the fore about freezing of 57 bank accounts of accused. However, since deposits of only Rs 5.50 lakh have been found in the frozen accounts it has given rise to the doubts in the minds of petitioners. Subsequently, the High Court has directed the lawyers of petitioners to study the bank accounts and submit their report.

Adv Anil Killor appeared on behalf of the petitioners.