Pearls Group chairman, three others sent to judicial custody

  • HT Correspondent, Hindustan Times, Bathinda
  • Updated: Jun 14, 2016 13:04 IST
Pearls Group chairman Nirmal Singh Bhangoo being produced in Bathinda court on Monday. (Sanjeev Kumar/HT Photo)

A local court on Monday sent Pearls Group chairman Nirmal Singh Bhangoo and three others to judicial custody amid tight security with the police stopping the scammed investors from marching towards the court complex.

Judicial magistrate (first class) Randeep Kumar remanded the Rs 45,000-crore ponzi scam accused Bhangoo, Sukhdev Singh, Gurmeet Singh and Subrata Bhattacharya to judicial custody in a cheating case registered here after Bathinda police brought them on production warrants from Delhi following the directions of the Punjab and Haryana high court.

Meanwhile, the scammed investors under the banner of Insaaf Di Awaaz (voice of justice) Organisation tried to storm the court complex, but were stopped by the police. One of the protesters also threw a water bottle on the police vehicle in which the four were being taken to the jail. Some of the investors also protested near inter-state bus terminus.

The CBI had caught Bhangoo and the three others this January in the ponzi scam case in which the company is said to have cheated 5.5-crore investors. It had registered the case in 2014 on directions from the Supreme Court.


The Punjab and Haryana high court on Monday allowed Pearls Group chairman Nirmal Singh Bhangoo to get treatment at a SAS Nagar hospital. The high court bench of justice M Jeyapaul and justice TS Dhindsa also directed that he would not be arrested by any other agency without the court’s permission.

The order came on Bhangoo’s plea, wherein he had told the court that he had been diagnosed with diabetes, hypertension with history of post kidney transplant and back pain and was under regular follow-up at a Delhi hospital. Hence, he be allowed to take further treatment at his own expenses from Ivy Hospital, Mohali, in judicial custody at his own expenses.

Bhangoo had moved a petition in which he is being investigated for misappropriation of investments. The high court has posted the matter for further hearing on June 17.

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