Pearls Group CMD, others sent to 14 days judicial custody

A Delhi court on Saturday has sent CMD Nirmal Singh Bhangoo plus three others to 14 days judicial custody. They were arrested in connection with alleged cheating of Rs 45,000 crore from over five crore investors. However, Chief Metropolitan Magistrate Sugandha Aggarwal sent the accused in judicial custody till February 6 after CBI said it does not want their further custodial interrogation. "Now an application has been moved seeking 14-day judicial custody. For the reasons stated in the application, the same is allowed," the court said. In the meantime, the Maharashtra Police also moved the court seeking Bhangoo's custody in another case and the plea has been kept for hearing on January 25. Apart from Bhangoo, CMD of Pearls Golden Forest Ltd (PGF) and ex-Chairman of Pearls Australasia Pty Limited, Sukhdev Singh, MD and Promoter-Director of Pearls Agrotech Corporation Ltd (PACL), Gurmeet Singh, Executive Director (Finance) and Subrata Bhattacharya, ED in the PGF/PACL were arrested by CBI.