For the first time after his arrest on Thursday, Shivraj Puri was taken outside of police station.
The Gurgaon police took him to his maternal grandparents whose accounts he used for depositing investors' money and then for transferring to brokerage companies. Later in the evening, the police took him to Civil Hospital for a medical check-up after he reported uneasiness and body pain.
According to the police, a police team took Puri to his maternal grandparents Premnath, 92, and Shiela Premnath, 87, whose saving accounts were opened in Citibank's Gurgaon branch and were used by him.
The team also took the grandparents' specimen signature to find out if Puri forged their signatures to withdraw money from their accounts, or they signed the cheques themselves.
Although the first information report filed at DLF police station also mentions the grandparents, the officials said there was no point arresting them as they were very old and would not flee to escape investigation.
The police said Puri made good use of his grandparents' bank accounts and his father's brokerage company Normans Martin. Gurgaon police have zeroed in on eight accounts of Normans Martin in Citibank.
In another development in the case, a team of Gurgaon police left for Kolkata, where Puri did his schooling. The police said his educational background and impressive demeanour played a key role in wooing the investors.