Ketan Parekh chargesheeted
The CBI has filed three chargesheets against the stockbroker and six others, including former top executives of Global Trust Bank.delhi Updated: Dec 25, 2007 01:44 IST
The CBI has filed three chargesheets against stockbroker Ketan Parekh and six others, including former top executives of Global Trust Bank (GTB), for allegedly entering into a criminal conspiracy and swindling public money to the tune of Rs 250 crore.
The CBI filed the chargesheets against Parekh, Darmesh Doshi, Jatin S, Kirti Parekh, Kartik Parekh (all directors of companies held by Ketan) and chairman of Singapore-based Brentfield Holdings TL Chandran.
Ramesh Gelli, former chairman and MD of GTB, which has now merged with Oriental Bank of Commerce, and its Executive Director Sridhar Subasiri were also named in the chargesheet filed under various sections of Indian Penal Code and Prevention of Corruption Act at a Mumbai court, CBI sources said on Monday. The two together held 40 per cent of total shares of GTB.
According to the chargesheet, GTB bank officials allegedly entered into a conspiracy with Parekh and his associates by giving him temporary overdraft facility worth Rs 250 crore without either seeking an application or collaterals or ascertaining the genuineness of “pay-in” requirements.