Raikar remanded to judicial custody till June 27
the goan I network
MARGAO
His lawyer, Adv Rajiv Gomes withdrew Raikar’s bail application in view of the changed circumstances as the EOC has chargesheeted the accused in the court.
Adv Gomes told the media that Raikar has submitted to the court about his intention to pay the investors their money. He, however, said that the accused will not be able to pay back the money by staying in custody since he has to go to various institutions where his properties stand mortgaged.
“It is sad that people’s money has been stuck in the investment, but people should realise that by taking impatient and rash steps, they will not get their money. They have to work with Raikar and chart out plan of action towards achieving the goal,” Adv Gomes said.
Earlier, Raikar was heard telling Adv Gomes in the corridor of the court that he is ready to accept anything from the investors, but said he has no money with him for the moment to return to the investors.
He told his lawyer that he has no intention to run away and is ready to cooperate with the investors and work out a solution.
Meanwhile, the lawyer representing the beleaguered investors, Adv Jeffery Martins told The Goan that he and his colleagues will move the court no sooner the accused files a bail plea. “Today the accused must have withdrawn the bail plea since the police have filed the chargesheet. But, the investors will move the court if the accused files for bail to oppose the application,” Adv Martins told The Goan.
Accused Raikar was on Tuesday remanded to judicial custody till June 27 and will be produced before the court upon the expiry of remand period.
