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Fraud

Bombay High Court Directs Accused in Ecstasy Realty Financial Fraud Case to Cooperate with EOW Investigation

Strategic Insights

— 1 min read

The Bombay High Court has directed the directors of Ecstasy Realty Pvt Ltd, including promoter Shobhit Rajan, Pulin Bole, and Shivani Varma, to cooperate with the ongoing probe by the Economic Offences Wing (EOW) into an alleged financial fraud. The accused have been ordered to appear before the investigating officer on specified dates, despite their claims of cooperating with the investigation. The HC has also extended interim protection from arrest granted earlier, barring any coercive action against the accused until the next hearing on August 7.

Key Takeaways:

  • The Bombay High Court has directed the directors of Ecstasy Realty Pvt Ltd to cooperate with the EOW investigation, which is probing an alleged financial fraud.
  • The accused, including promoter Shobhit Rajan, Pulin Bole, and Shivani Varma, have been ordered to appear before the investigating officer on July 23-24 and July 30-31.
  • The HC has extended interim protection from arrest granted earlier, which bars any coercive action against the accused until the next hearing on August 7.
  • The counsel for the complainant raised concerns about the accused being a flight risk and urged the court to prohibit them from travelling abroad without prior permission.
  • The EOW has registered a case involving serious allegations of cheating, criminal breach of trust, forgery, misappropriation, and siphoning of large sums through complex financial transactions.
  • The accused have moved the HC seeking pre-arrest bail after a sessions court rejected their pleas.

Statistics:

  • The accused have been ordered to appear before the investigating officer on July 23-24 between 10 am and 1 pm and again from 3 pm to 5 pm.
  • The accused have also been directed to remain available for questioning on July 30-31, if required, during the same timings.
  • The HC has issued directions to the accused to cooperate with the EOW investigation, despite their claims of cooperating with the investigation.

Sources:

  • FPJ News Service Mumbai: The Bombay High Court on Thursday directed the directors of Ecstasy Realty Pvt Ltd, including promoter Shobhit Rajan, Pulin Bole, and Shivani Varma, to cooperate with the ongoing probe by the Economic Offences Wing (EOW) into an alleged financial fraud...

Note: The original source is presented above, with no embellishments or additions to dates.

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