Duped investors demand arrest of director’s wife, mother
the goan I network
PANAJI
Speaking to mediapersons after emerging from the meeting, Dixon Vaz, president of the GSAI said that their prime concern was to ensure that the investors get “at least” the principal amount.
“We informed the SP that Raikar has the money and that despite his protestations that he is bankrupt, we know that he has the money to pay us back. We believe that there are more properties than which he has declared. He has only declared the mortgaged properties,” Vaz said.
The delegation also demanded that the wife and mother of Nilesh Raikar be arrested as they too were part of the scam. Nilesh’s mother was registered as one of the directors of the company according to registration documents with the Registrar of Companies.
Vaz was insistent that the accused Raikar has deliberately got away with the money of the investors and his assertions that he has hit upon bad times was a smokescreen.
“If he was innocent, then how is it that a day before he went and created so many fixed deposits,” Vaz argued.
Superintendent of Police of the Economic Offences Cell of the Goa Police, while speaking to media persons said they would approach the court for an arrest warrant against the mother and wife of Nilesh Raikar.
“We will approach the court seeking a warrant,” Kashyap told media persons.
With regard to the properties, the EOC has made a list of 18 properties which are mortgaged and they could proceed to seize the properties only after a charge sheet has been filed and they are directed to do so by the court.
Other members of the delegation sought that the the police also keep a check on other similar agencies or credit societies that are offering ‘insane’ returns.
The SP said that the EOC is involved along with other agencies in creating awareness against fraud.
The investors have also sought a face to face meeting with Raikar, which will not be allowed, the police have said.
SP: Money
laundering angle being probed
The Enforcement Directorate is probing whether the accused was involved in money laundering as well as other crimes.
“These and other aspects are being probed by the ED,” SP Kashyap has said. It has also emerged that the accused Raikar was given “clear reports” by the Reserve Bank of India prior to his arrest. Nilesh Raikar had a licence from the RBI to exchange money but no licence to deposit clients’ money. It is yet unclear whether he would be tried separately for violating RBI guidelines.
