In one of the recent development that took place in the most talked about Kamaxi Forex case, two accused have granted conditional bail by Margao JMFC on Tuesday. Kamaxi Forex company is facing the charges of cheating of more than 450 investors to the tune of few hundred crore rupees. The news of bail of the accused has generated the wave of rage amongst the duped investors. Read complete report here.

[su_expand more_text=”READ MORE” less_text=” ” height=”0″ hide_less=”yes” link_style=”button” link_align=”center”] According to the available information, two partners and co-accused in the Kamaxi Forex cheating case had duped more than 450 investors to the tune of 40 crore rupees has been granted the conditional bail  by the Margao JMFC.

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Nilima Raikar is the wife of main accused Nilesh Raikar and Rekha Raikar is his mother. According to sources both of them are the partners in the company that duped hundreds of Seamen. The court has granted both of them a conditional bail on a personal bail bond of Rs. 1 Lakh each and sureties of like amount.

Read: Goan Seamen cheated by forex company to the tune of rupees 50 crores

After getting the news of the release of two accused on the bail the victims of the fraud had gathered in the city to protest against the entire working of the police. According to them, police needs to register the multiple complaints in this case whereby the accused cannot be released so easily on the bail. “The police must register each offense separately. But it looks like police are helping the accused instead of helping the people,” said one of the victim.

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Read: Two more arrested in Kamaxi Forex cheating case

The court also directed both the accused to report before IO (Investigation officer) for 15 days. Meanwhile according to the sources, the number of complaints against the Forex Company has gone up to 546 from 450 earlier.

Meanwhile, the main accused Nilesh Raikar involved in the fraud case still remains in the custody.

It may be recalled that Police registered the complaint against the main accused after 50 seamen lodged the complaint with EOC (Economic Offenses Cell) claiming that they had been cheated to the tune of Rs. 50 crore following to which the main accused went absconding but later within 8 days he surrendered himself before the EOC in Panaji.

Now that two accused have managed to come out on bail sooner or later the main accused will also be out. What will happen to the hundreds of crore rupees that is hard earned money of hundreds of Seamen? Please leave your comments on this issue.

Source: Various sources       

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