Tribune News Service
Chandigarh, June 24
The court of Anshu Shukla, Additional Sessions Judge, has rejected the bail application of Ishtaque Ahmed, one of the accused facing charges of duping many high-profile people of the city, including two retired judges of the High Court, of several crores.
The accused was arrested on a complaint filed by Kuldeep Singh Grewal, a resident of Sector 27. Grewal named 10 persons, including two former judges of the Punjab and Haryana High Court, who were duped by officials of a private bank. He alleged that he, his family, his acquaintances and two former judges were cheated by the relationship manager from the Delhi branch of a private bank.
He alleged that he has lost Rs52.50 lakh and the total amount lost by his closed relations/friends adds up to Rs6.60 crore.
Counsel of the accused argued before the court that he was falsely implicated in the case. Assistant Public Prosecutor opposed the bail application. He argued that in view of the huge amount involved in the case and the gravity of offence, the bail application of the petitioner may be dismissed.
After hearing the arguments, the court rejected the bail application of the accused.