Suresh, Sanjeev Nanda judicial custody extended by 14 days

April 25th, 2008 - 9:54 pm ICT by admin  

New Delhi, April 25 (IANS) A Delhi court Friday extended till May 9 the judicial custody of arms dealer Suresh Nanda, his son Sanjeev and two others, arrested for allegedly trying to bribe an income tax official to manipulate Nanda’s tax records. The Central Bureau of Investigation (CBI)’s Special Court Judge I.K. Kochhar sent the father-son duo, deputy director of income tax Ashutosh Verma, and Nanda’s chartered accountant Bipin Shah to judicial custody for another 14 days.

Earlier, Delhi High Court April 5 had rejected their bail plea on the ground that they could hamper the on-going probe in the case.

The CBI had arrested all four from J.W. Marriott hotel in Mumbai March 8 where they had allegedly assembled for negotiations on the bribe amount to be given to Verma.

Following their arrests, the CBI conducted searches and recovered Rs.5.5 million from the residence of Verma, an Indian Revenue Service officer. The agency claimed that the Nandas had given the money to Verma as a bribe in lieu of manipulating their income tax records.

The CBI has said that it had recorded 95 telephonic calls among the accused in this matter.

Suresh Nanda has also been accused of receiving Rs.4 million ($99,943.82) in kickbacks after a deal to purchase Israeli Barak missiles that was signed during the previous Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government.

The $100 million (Rs.3.9 billion) deal had come under the scanner after it was alleged that the then Defence Minister George Fernandes had overruled, at the behest of Suresh Nanda, the opinion of the Defence Research and Development Organisation (DRDO) that it could develop a system similar to the Barak.

Sanjeev is also accused of mowing down six people in 1999 while driving his BMW in an inebriated state.

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