Financial Daily from THE HINDU group of publications
Thursday, Jun 12, 2003
Financial Daily from THE HINDU group of publications Thursday, Jun 12, 2003 |
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Markets
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Economic Offences Ex-CSE President remanded to police custody till June 20 Our Legal Correspondent
KOLKATA, June 11 THE Chief Metropolitan Magistrate (CMM), Kolkata on Wednesday remanded Mr Kamal Parekh, former President of Calcutta Stock Exchange (CSE), to police custody till June 20. Kolkata Police arrested Mr Parekh on June 10 in connection with the Rs 120-crore share scam of CSE, on a complaint made by CSE under Section 120B and 420 of IPC. The police had arrested many stockbrokers of Kolkata and Mumbai. All accused apprehended earlier are now on bail. The arrest of Mr Parekh gives a new complexion to the investigation of the CSE share scam.
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