Kamakshi Forex accused discloses in court his intention to pay investors

Kamakshi Forex scam accused Nilesh Raikar on Tuesday has disclosed his intention to the court to pay the investors their money, even as he was served a copy of the chargesheet filed by the Economic Offense Cell (EOC) when he was produced before Judicial Magistrate First Class on Tuesday.

| JUNE 22, 2016, 05:22 AM IST
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 “Today the  accused must have withdrawn the bail plea since the police have filed  the chargesheet.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.
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