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Ketan Seeks Anticipatory Bail

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BUSINESS STANDARD
Last Updated : Jul 13 2001 | 12:00 AM IST

Stock broker Ketan Parekh, the prime accused in the Rs 137-crore pay order scam, moved the Bombay High Court on Thursday seeking anticipatory bail apprehending arrest on fresh charges of siphoning off huge amounts of money from India to his account in a Swiss bank.

The petition has been adjourned to July 19 with the mutual consent of Parekh and CBI. Parekh filed the petition following reports indicating that his Swiss Bank account had been frozen following a request from Interpol at the behest of CBI.

Parekh contended that he did not have any account in Credit Suisse (Zurich branch) and refuted allegations of the CBI that millions of Swiss Francs were deposited in it. He also denied CBI's claim that he had siphoned off the money allegedly acquired from the scam. CBI had alleged on July 5 that this money was deposited in the Swiss bank.

CBI said it will also investigate the charges of money laundering and forgery against Parekh.

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First Published: Jul 13 2001 | 12:00 AM IST

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