PANAJI
Economic Offences Cell (EOC) of the Goa Police on Monday filed a 742-page chargesheet before Chief Judicial Magistrate, Margao against Nilesh Raikar (43), prime accused in the Kamakshi Forex Pvt Ltd, his mother Rekha and wife Nilima, the other two directors of the company. Around 101 witnesses have been listed in the chargesheet filed in the sensational cheating case which came to earlier this year. The documents seized by EOC after raiding Raikar s residence and offices have also been also attached. Raikar will be produced before JMFC, Margao on Tuesday where the police are expected to give him a copy of the chargesheet. An offence was registered against Raikar and directors of Kamakshi Forex ie his wife and mother, under Section 406, 420 and 120 B of IPC for criminal breach of trust, criminal conspiracy and cheating over 500 investors to the tune of Rs 32 crore through post-dated cheques in an illegal fixed deposit scheme. He was arrested on April 22. However, during the probe, it came to light that Raikar, director of Kamaxi Forex Pvt Ltd owes around Rs 15 crore to his investors. Sources from the Economic Offences Cell of Goa Police had disclosed that 503 complaints have been received in the case with the final maturity amount of the fixed deposits being around Rs 32,12,63,516, which has been quoted in their complaints. However, principal investment in 321 of these complaints has been pegged at Rs 10,90,32,000. With later additions to the number of complainants, the final maturity amount due to investors stood at around Rs 34 crore. It was also revealed that Raikar used to offer around 24 per cent interest on his fixed deposit schemes, thereby attracting numerous investors, mostly seamen. During the course of investigation, EOC had also arrested Rekha Raikar, the mother of Nilesh and who is a listed director of the company Kamaxi Forex as well as his wife Nilima Raikar. The two women were later released on conditional bail. While around 35 accounts functioning in the name of the company and Raikar were frozen, EOC had also sought directions to the sub-registrar and other authorities prohibiting the sale or transfer of over 10 properties bought by Raikar.
