The special MPID court on Tuesday rejected the bail application of 3 accused in DSK financial scam, However, the court allowed bail to D.S.Kulkarni’s brother Makarand Kulkarni. It has been more than 2 years since the real estate developer DS Kulkarni has been in jail along with his wife, son, sister-in-law. Son-in-law, daughter-in-law and others in connection with the Rs. 2,043 crore fraud case filed by the Economic Offences Wing. The special court rejected bail application of Dhananjay Pachpor ( Chief Operating Officer) Anuradha Purandare ( Sister-in-law ) and Kedar Vanjape ( son-in-law). Special Public Prosecutor Pravin Chavan strongly opposed bail applications.
Dhananjay Pachpor who was working with D.S. Kulkarni Developers Ltd. (DSKDL) on various Posts had applied for bail. While rejecting his bail application Special court observed that though, no proceeding is filed by Directorate of Enforcement (ED) against any of the accused till todate it cannot be said that, E.D. has exonerated the present applicant. Even on the basis of the statement of witness Chaitrali, at this stage, it cannot be concluded that there is no evidence against the present applicant. This cannot be considered a change in circumstances. During the investigation by Pune police, the applicant prima facie appears to have been involved in the deal of land at Fursungi. Apart from this, the statement of investors demonstrates that it was the applicant who induced them for investing in the various projects of the DSK group
While rejecting D.S.Kulkarni’s Sister-in-law Anuradha Purandares’ s bail Court Observed that, it is an economic offence having huge magnitude. Thousand of investors have deposited the amount in the DSK group of companies, in which the applicant was working in a high position. Though some accused in this case namely Mr. Ghatpande and Mr Nevaskar are already released on bail. However, the case of the applicant cannot be compared with them as role assigned to the accused released on bail is a different one and the case of the present applicant is more serious than the case of accused who released on bail.
Kedar Vanjape another accused in DSK Scam has also filed temporary bail as per the directions of the High Power Committee. Rejecting his bail application Court observed that, the alleged offence is an economic offence. In view of guidelines issued by Hon'ble High Power Committee, the serious economic offences and offences punishable under the MPID Act are not covered by the said guidelines.
Considering that the investigation related to Makarand Kulkarni D.s.Kulkarni’s Brother is completed and considering the role assigned to him in the commission of the offence and his age, keeping him behind the bars for a further period will not add anything more to the prosecution court allowed bail to him.
Makarand Kulkarni contended that his bank account was operated by Anuradha Purandhare or Hemanti Kulkarni as authorized signatories. He was unaware of the transactions happening in his bank account as they were operated by coaccused Anuradha Purandhare and Hemanti Kulkarni as a power of attorney. Makarand Kulkarni further contended that he signed few cheques only at the instance of main accused and he had blind faith on his brother.
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