Cops get time to complete probe into cheating case
The investigation into film producer-director Shashilal Nair’s complaint of cheating against a financier has been handed over to a senior police inspector. This is what the Bombay high court was told on Thursday.
The division bench of justice AM Khanwilkar and justice AR Joshi was keen to transfer investigation to some other agency, but decided to give some more time to the Bandra police.
Nair had filed a petition seeking a transfer of the investigation from the Bandra police station to an independent agency. The hearing has been deferred till March 22. In his petition filed three years ago, Nair said Prakash Shyamdasani, a financier-cum-moneylender, approached him for giving him a loan of Rs25 crore. Shyamdasani told Nair that he would have to pay Rs50 lakh as fees and charges to secure the loan.
Over period of time, Nair paid him aggregate amount of Rs43 lakh, but he got no loan amount.
Shyamdasani promised to repay the amount after Nair questioned him, and issued a cheque to Nair, which bounced. The accused then went untraceable. Nair lodged a complaint, accusing Shyamdasani of cheating and criminal intimidation. The accused was arrested in 2009, released on bail and has again been on the run since then.
Nair’s counsel Renuka Laxmeshwar said the Bandra court had canceled Shyamdasani's bail and even issued warrants. Nair informed the police of Shyamdasani's whereabouts, but the police failed to nab him.