Court Re­jects Bail Plea of Or­bit MD Pu­jit Ag­gar­wal

The Economic Times - - Companies: Pursuit Of Profit -

A ses­sions court in Mum­bai on Thurs­day re­jected the bail ap­pli­ca­tion of Pu­jit Ag­gar­wal, MD of real es­tate com­pany Or­bit Cor­po­ra­tion, in two al­leged cheat­ing cases, re­ports Kailash Babar. Ag­gar­wal was ar­rested by the Mum­bai Po­lice in Septem­ber, fol­low­ing a com­plaint by Capri Global Ad­vi­sory Ser­vices. He has al­legedly si­phoned off money re­ceived from cus­tomers in­stead of de­posit­ing it in an escrow ac­count as per his agree­ment with LIC HF.

MUM­BAI

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