Speedy trial begins in citibank case | india | Hindustan Times
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Speedy trial begins in citibank case

A local court on Saturday dismissed the bail application of one of the accused in the R405-crore Citibank fraud case. The accused, Gaurav Jain, a chartered account and an aide of SK Gupta, former vice-president of a corporate house and an accused in the case, had sought bail citing the 2G spectrum case in which five accused were given bail.

india Updated: Nov 27, 2011 01:46 IST
HT Correspondent

A local court on Saturday dismissed the bail application of one of the accused in the Rs 405-crore Citibank fraud case. The accused, Gaurav Jain, a chartered account and an aide of SK Gupta, former vice-president of a corporate house and an accused in the case, had sought bail citing the 2G spectrum case in which five accused were given bail.

Meanwhile, setting a target of February 9, the trial court has already begun trial into the case. Five Citibank officials have recorded their statements.

The police had framed charges against the accused, including former Citibank relationship manager Shivraj Puri, on November 17.

According to prosecution lawyer Harish Malhotra, Citibank officials Ravinder Anand, Harish Khanna, Sandeep Jain, Ritika Goyal and Punit Bali had recorded their statements in the court of judicial magistrate Ashok Maan.

"As per the orders of Punjab and Haryana High Court, the trial court is required to carry on day-to-day trail and complete the process by February 9. For this summons to 120 witnesses are being issued soon. The first hearing was on November 21. Three of the Citibank officials appeared in the court on November 21 and two on November 24. Next date of hearing is on December 30," Malhotra said.