Edelweiss group chairman, Rashesh Shah, and the executives of ECL Finance Ltd Wednesday moved the Bombay High Court (HC) seeking quashing of the first information report (FIR) registered against them in the death by suicide case of art director, Nitin Desai. The HC will hear their plea on August 11. Senior counsel Amit Desai appeared before th HC for the applicants.
The company was not immediately available for comment on the same. On Wednesday, the Raigad police recorded the statement of the ECL Finance MD, Phanindranath Kakarla in the case. Others from the group including the chairman, Shah were represented through the company’s legal representatives.
“Statement of Kakarla was recorded and the investigation officer (IO) has summoned them again on Friday,” the police said in a press release on Wednesday. The Maharashtra police Friday booked five officials of the ECL Finance Ltd on the charges of abetment to suicide of famed art director Nitin Desai. According to the police, a case of abetment to suicide under section 306 of the Indian Penal Code (IPC) was registered based on the complaint given by Desai’s widow, Neha.
In her complaint Neha has alleged that Desai was «harassed by the officials to repay the loans availed by him». The police have also invoked section 34 (common intention) of the IPC in the matter. In her statement Desai’s wife has alleged that the Shah 'sweet-talked her husband to upsurge the studio her husband had built with blood and sweat’.
“...I made 100 calls to Shah but he didn’t respond to them. He used the EOW, DRT, NCLT to harass me. I had two or two investors who were ready to invest in my studio but he did not cooperate,” Desai’s wife, Neha, has said in her statement allegedly quoting Nitin
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