Rs 600-crore ponzi scam: four accused seek anticipatory bail
| Friday | 10th August, 2018
CHANDIGARH: The four accused against whom Chandigarh district court issued bailable warrants in Rs 600-cr ponzi scam have submitted anticipatory bail application to avoid arrest.
The Chandigarh district court had earlier issued notice to all the six accused and sought their replies.
The Enforcement Directorate (ED) has added names of six more accused in the case.The six accused are stated to be members of the same family.
Only one accused identified as Kamal K Bakshi was granted bail by Chandigarh district court last month.The ED had seized assets worth Rs 4.18 crore in connection with its money laundering probe in a Rs 600-crore Ponzi scam on July 29, 2017.
However, out of the six, four accused were served notices but they did not mark their presence in court following which the court issued them bailable warrants.
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