Mumbai, Dec 22: Bombay HC rejected pre-arrest bail pleas of IAS officer Ashutosh Kumar Sahay and his co-accused, Sanjay Pandey, in an investment scam case but Sahay's wife granted anticipatory bail.
The court believes custodial interrogation is necessary for a fair investigation. MUMBAI: The Bombay high court recently rejected the pre-arrest bail plea of Ashutosh Kumar Sahay, a 1992 batch Indian Administrative Service officer, booked for allegedly defrauding several people of crores of rupees on the pretext of doubling their investment within a year in slum rehabilitation schemes and other construction projects across the city.
The Court added that at this stage, it would be hazardous to throw the version of the first informant and the investors overboard.
Sahay, who is currently posted as the Regional Director of the Plastics Export Promotion Council, was booked, along with three others, in July this year by the Versova police for allegedly scamming several investors of nearly ₹5.5 crore in the name of investing in several MHADA schemes and construction projects across the city.
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