DSK fraud case: Vanjpe couple embezzled ₹184 crore in ’08: prosecutor
Bail plea of DS Kulkarni’s relatives rejected by special judgepune Updated: Aug 22, 2018 16:16 IST
Special judge DG Murumkar on Tuesday rejected the bail application of jailed realtor Deepak Sakharam Kulkarni’s (DSK) relatives Kedar and Sai Vanjpe. Special public prosecutor Pravin Chavan argued that the couple participated in the conspiracy wherein they aided and achieved the objectives and, therefore, as per the settled principle, the person who has participated in the conspiracy is to be held responsible for the act.
Stating that there was irrefutable evidence against them, Chavan said that the Vanjpes systematically misappropriated Rs 184.45 crore in 2008 and, as of 2018, the wrongful loss is estimated to be more than Rs 300 crore. The district judge rejected the application based on the documents submitted by the prosecution showing the involvement of the accused in the crime of misappropriation and fraud.
The prosecution submitted that between 2007 and 2009, the company did not buy the Phursungi land directly but used the relatives of DSK as intermediaries. The said land related transactions were done by DSK, wife Hemanti, Anuradha Purandare, Dhananjay Pachpor, Shirish Kulkarni and Kedar Vanjpe.
The charge sheet states that the state government had permitted DS Kulkarni Developers Limited (DSKDL) to buy the land at Phursungi but all the accused Makrand Kulkarni, Shilpa Kulkarni and Swarupa Kulkarni, along with deceased Jyoti Kulkarni, colluded with ulterior motives bought the land and sold it to DSKDL for a higher price and indulged in illegal transactions. The defence counsel refuted the allegations made against the accused.
The Economic offences wing (EOW) had arrested Anuradha, sister-in-law of businessman DSK along with the others on charges of cheating and fraud. Anuradha worked with DSKDL since 1985 and was an important person involved in the siphoning off funds.
On May 17, Pachpor, Kedar, Sai and Vinaykumar Badgandi were also arrested. Pachpor was the chief operating officer (COO) of DSK Group while Kedar is the son- in- law of Kulkarni’s brother and Sai is Kedar’s wife. Badgandi is also a distant relative of DSK.
First Published: Aug 22, 2018 16:00 IST