Citibank fraud: Puri father’s custody extended by one day
A city court has extended the custody of Raghuraj Puri, father of Shivraj Puri, mastermind behind the Rs 405-crore Citibank fraud, by a day. HT reports.india Updated: Apr 08, 2011 00:52 IST
A city court has extended the custody of Raghuraj Puri, father of Shivraj Puri, mastermind behind the Rs 405-crore Citibank fraud, by a day.
Shivraj Puri’s aide Rajendra Chand has also been sent to police custody. Both the accused were produced before the court of Chief Judicial Magistrate DS Yadav.
The prosecution lawyer has demanded two days’ remand for the accused.
The lawyer said police have recovered some documents related to the financial transactions, a letter and other records from the Norman Martin office in Barakhamba Road. Their custody is crucial to dig out some facts, he added.
Granting just one day custody to Puri, the court said it would not permit more remand, with the defense lawyer arguing that 61-year-old Puri had joined the probe five times.
Defense lawyer Mayank Raghava said there was nothing to recover from Raghuraj Puri. Raghava said his client should be granted bail as he is a senior citizen and suffers from blood pressure problem.
The defense lawyer pointed out that money recovered from Rajendera Chand’s account was his own money, and had no connection with the Citibank fraud case. Raghuraj Puri was the managing director of Normans Martin Brokers Private Limited. Puri and Rajendra Chand will be produced before the court on Friday.