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Edelweiss group chairman Rashesh Shah and ECL Finance executives have approached the Bombay High Court to quash the FIR registered against them in relation to art director Nitin Desai s suicide case. The Raigad police had recorded statements of ECL Finance MD, Phanindranath Kakarla, in the case, and have summoned the accused again on Friday. The FIR was lodged after Desai s wife alleged that officials from ECL Finance harassed her husband to repay loans availed by him, leading to his death. ....
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 Desais 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. ....
The Maharashtra police will soon summon the officials from Edelweiss Asset Reconstruction Company Limited or Edelweiss ARC in connection with its probe into the death by suicide of renowed art director, Nitin Desai. On Thursday, the Raigad police recorded statements of 13 people including Desais wife and staff members at the ND Studio where his body was found. ....