Stockguru: Court orders FIR after accused produces fake papers

A key accused in multi-crore StockGuru scam related money laundering case today created a flutter inside a court room here and more trouble for himself as he showed the judge how to commit forgery easily.
Immediately after he demonstrated in the courtroom how a fraud can be attributed to a judge or an advocate, Additional Sessions Judge Gurdeep Singh directed Delhi Police to register a case against Ullas Prabhakar and investigation of the matter noting that the offence was cognizable.
During the proceedings on arguments on charge, the accused, who was produced before the court from the judicial custody, alleged that the documents presented against him by the Enforcement Directorate (ED) were not genuine and claimed that it was very easy to forge the papers to show money transaction.

When asked by the court to clarify his statement, Prabhakar produced two invoices from his pocket which had the names of the judge and ED's public prosecutor, advocate N K Matta, showing they had been paid Rs 1,000 each.
The accused then told the court that they were not genuine and he wanted to prove that it was easy to forge the papers.
However, the court said the act committed by Prabhakar was serious and warranted an investigation and directed the police to register an FIR in this regard.

The court was hearing arguments on charge in the case filed by Enforcement Directorate against Prabhakar, his wife Priyanka Saraswat Dev and six others for alleged money laundering.

The other accused are Nitin Sinha and five companies -- SGI Research and Analysis Ltd, SGI Securities Pvt Ltd, SGI Beverages Ltd, G3 Commodities Pvt Ltd and SGI Buildtech Ltd.
In its complaint, ED has alleged that properties in the name of these accused were "proceeds of crime" and claimed that probe had revealed that 2,05,062 investors had invested Rs 493.94 crore in M/s Stockguru India.