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VADODARA: Investigations into the Statue of Unity (SoU) cheating case has revealed that the accused bought six cars from the siphoned Rs 5.24 crore along with some properties. The Narmada police said that they have seized all the cars and are in the process of identifying ownership details of the properties purchased by the accused.
The Narmada police had in November last year arrested four persons for siphoning off Rs 5.24 crore from the revenues generated by the SoU. All the accused worked for a cash management agency, Writers Business Services Pvt Ltd (WBSL) that used to collect cash from SoU and deposit it at HDFC Bank. The money was siphoned off between November 2018 and March 2020. An FIR was registered by HDFC Bank against WBSL on November 30, 2020 at Kevadia police station. Two more accused were arrested later by the cops.
VADODARA: A local court in Narmada district rejected the bail application of Bhavesh Parmar, one of the key accused in the Rs 5 crore Statue of Unity (SoU) cheating case and observed that the accused had committed a serious offence.
According to the public prosecutor, Jitendrasinh Gohil, the court said that the revenues earned by SoU can be termed as public money and siphoning it is a serious offence. The court also observed that if the accused is granted bail then he may commit the offence again.
Investigators said that apart from Parmar, the other three accused Ashish Joshi, Jayraj Solanki and Nimesh Pandya are in judicial custody. The cops said that all the four accused have spent a portion of the siphoned money but they don’t have much network outside the state. “They have bought some properties in Gujarat apart from cars. We are trying to trace the remaining cash but still, there is no clue about it. It is possible that some more persons may be involved in the case,” a
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VADODARA: Investigations into the Statue of Unity (SoU) cheating case has revealed that the four accused invested the siphoned off money into properties and cars. The police said that they are now trying to get details of all the transactions that the accused did in the last two years.
“They have used the cash to buy some properties. Also, some portion of the money was also spent on buying cars and other gadgets,” a senior police official said. He added that they did try to trace the cash that the accused had siphoned off for nearly 17 months.
“But there was no chance that they would keep such a large amount of cash with them,” the police said. When contacted, Kevadia DySP Vani Dudhat said, “We are gathering all the relevant documents on the basis of questioning of the accused. If names of more persons surface in the cheating, we may make further arrests,” Dudhat told TOI.