London account of Stock broker Ketan Parekh's associate frozen
New Delhi, Mar 30 (UNI) In a major step towards pinning down the accused in the Rs 780-crore Madhavapura Mercantile Cooperative Bank (MMCB) siphoning of funds scam, the CBI has frozen a London account of stock broker Dharmesh Doshi, an associate of Ketan Parekh.
Doshi's account in Credit Suisse Bank, in the name of M/s Elliot Group Holdings Ltd and containing about six million pounds, was frozen through Interpol efforts, the CBI said today.
Doshi, who has controlling interest in the company, had been absconding from India after that and refused to present himself for trial in the matter.
The CBI had filed a chargesheet in the case against MMCB chairman Ramesh Chandra Parikh, its MD Devendra Pandya, stock broker Ketan Parekh and Dharmesh Joshi in connection with the 2001 stock market scam in which funds were siphoned out of MMCB.
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