Published On : Mon, Aug 11th, 2014

Prashant Wasankar finds sisters in jail; Scam figures reach Rs 30 cr!

Prashant Wasankar's sister tying rakhi in jail
Nagpur News

As Rakhi infuses bond between brothers and sisters in Nagpur, similar fervor was observed within the secured confines of Central Jail here. Though sisters tying Rakhi to their inmate brothers are common sight every year, what made this festival unusual is the track where kingpin of Wasankar Wealth Investment Scam Prashant Wasankar, who is currently cooling heels behind the bar along with his brother and brother-in-law, was seen sharing Rakhi vibes with members from an NGO.

This Rakhi had been quite unusual for Wasankars as for the first time in life had they observed the sweet festivity in rather sour situation.
Sources in Central Jail informed that an NGO which often visits the jail to display solidarity with the prisoners, had tied Rakhi to every prisoner. Wasankar, his brother Vinay and his brother-in-law Abhijeet Chaudhari too were tied Rakhi during this drive by the NGO members. Many inmates had proudly displayed the Rakhi tied on their wrists. However, everybody’s eyes were on the newly incarcerated inmates Prashant Wasankar, Vinay Wasankar and Abhijeet Chaudhari.

Meanwhile, two Associates of Prashant Wasankar Suhas Khapre and Devdatta Kardale who played an integral part in the financial fraud of Wasankar Wealth Management had sought for an interim bail till August 11 in the MPID Court Monday.

However, the prosecution has demanded 10 days to file reply on the Bail application and the State Bail application will be reviewed by the MPID Court on August 21, 2014.

The complainants Vivek Pathak and Banpurkar raised their objection to the continuance of the interim bail for the accused. They shall also file their written objection to the bail on August 21, 2014, through their Advocates Vandan Gadkari and Advocate B Karade.
130 investors file complaints So far, more than 130 investors have filed their complaints with the Economic Offences Wing (EOW) of the Crime Branch, Nagpur Police. The amount of swindling has gone up to Rs 30 Crores.

As such, though there is no ad-interim bail sought by one of the co-accused Chandrakant Rai — one of the Oldest, most Reliable staff of Prashant Wasankar Group who was actively involved in convincing the investors, collection and distribution of the funds, has not been arrested as yet by the police for reasons best known to them.

This lack-lustre and inappropriate approach of the Police in this crucial case in Central India is raising several eye-brows.