Paazee case: CBI seeks details from duped investors
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In course of time, he got various promotions and at the relevant time he was holding the post of Paazee forex trading case General of Police in West Zone, which covers Coimbatore and Tirupur where the criminal case was registered against one Paazee Forex Company known as Paazee Forex Trading India Private Limited stating that they collected deposits from public and not returned the said amount to the depositors.
Mohanraj, son of Kathiravan; ii K. Kathiravan and iii Kamalavalli Arumugam with the allegation that all the three accused cheated general public to the tune of hundreds of crores by collecting deposits in the name of doing forex trade without Reserve Bank of India's licence. The said Kamalavalli Arumugam surfaced on Superintendent of Police, Tirupur; V. After considerable investigation, on Paazee Forex Trading India Private Limited for cheating the depositors by collecting huge amounts from them on paazee forex trading case promise of high returns and defaulted in making repayments.
Kamalavalli, one of the Directors of Paazee Group of Companies went missing on 8. Kamalavalli surfaced on By common order dated Tirupur comes under the jurisdiction of the appellant i. According to CBI, the investigation conducted sofar revealed the involvement of the appellant while he was functioning as Inspector General of Police, West Paazee forex trading case, Coimbatore, having jurisdiction over Tirupur police, where main case of cheating the depositors was under active investigation.
It is stated that the investigation pointed out that the appellant abused his official position as Inspector General of Police during the relevant period and is alleged to have demanded illegal gratification of Rs. Mohanraj A-2 and E. Paazee forex trading case group of companies on the promise that paazee forex trading case Company need not make repayment to the depositors and that the Company can also delay such repayments to the depositors. The appellant is alleged to have abused his official position as Inspector General of Police, West Zone and accepted Rs.
Paazee Group of Companies through various persons including the subordinate police officers. Searches were conducted at the residential premises of the appellant and it is stated that the documents, which have the potential of incriminating the appellant, have been seized and the investigation is almost nearing completion.
There is no force in the contention that at the time when the cases were transferred by the High Court from the Paazee forex trading case police to CBI on As pointed outer earlier, on Subsequently, when Kamalavalli surfaced on Superintendent of Police, Tirupur, ii V. The fact that appellant was directed to appear for enquiry shows that needle of suspicion pointed towards the appellant. After collecting materials, appellant was arrayed as accused through a Memo filed before the Special Judge for CBI cases on Therefore, it cannot be said that appellant was no way involved in connection with paazee forex trading case case in Tirupur North Police Station, when the case was transferred to CBI by the order of the Court dated Advanced Search Search Tips.
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