MARGAO
The South Goa Sessions Court has dismissed the bail application filed by Deepali Parab, who was arrested by the Crime branch in the muti-crore investment scam.
South Goa Sessions Judge Sherin Paul dismissed the bail plea saying the depositors in this case have made categorical statements that it was this applicant along with her husband Myron Rodrigues who had induced them into investing in their company and then duping them (depositors) of the amounts which were invested.
“The reply filed by the investigating officer indicates that the applicant enjoyed a luxurious lifestyle, including visiting several countries funded by the ill-gotten gains and that a large amount of gold and jewellery of around Rs 3.2 crores and property documents were attached from the bank lockers of the applicant. At this stage there is no material indicating that the applicant had any other source of income to either travel abroad and to purchase this amount of gold and jewellery. Thus, the material on record indicates the active role of the applicant”, Judge Sherin Paul said.
In her bail plea, the applicant submitted that there are no reasonable grounds to believe that she is guilty of the offence and is undergoing severe mental torture and agony in custody as she is innocent and has been falsely detained. It was also submitted that the investigation in the case has been in her presence and she is not required for the purpose of investigation. She undertook to make herself available for interrogation by the investigating officer as and when required
The police inspector of the Crime Branch filed a reply stating that an offence under Crime no.4/2023 for the offences punishable under Sections 406 and 420 read with 34 of the Indian Penal Code was registered against the applicant and her husband Myron Rodrigues upon the complaint of Ramesh Shirodkar who is a police inspector attached to the Economic Offences Cell.
The complaint against the applicant is that she along with her husband Myron Rodrigues represented to the investors that they are stockbrokers and investment advisors and induced investors to invest money with them assuring returns on short term basis, however, they failed to pay the assured returns, as well as, the principal amounts to the investors who had invested and consequently cheated the investors by the applicant and her husband to the tune of Rs 20.83 crores
