1. Calcutta High Court denies bail to Ruia Group chairman Pawan Ruia

Calcutta High Court denies bail to Ruia Group chairman Pawan Ruia

Prosecution counsel Rajdeep Majumdar opposed bail to him arguing that the witnesses in the case were Ruia's employees and once out on bail, he would be able to easily influence them.

By: | Kolkata | Updated: April 19, 2017 11:02 PM
Ruia Group chairman Pawan Ruia. (IE)

The Calcutta High Court today denied bail to Ruia group chairman Pawan Ruia, arrested in a case of arson and theft of railway goods worth Rs 50 crore at an ailing PSU factory, taken over by the group in 2003. A bench of justices Debasish Kar Gupta and Md Mumtaz Khan dismissed Ruia’s bail pleas as the prosecution counsel opposed them contending that the industrialist was the main accused in the case.

Prosecution counsel Rajdeep Majumdar opposed bail to him arguing that the witnesses in the case were Ruia’s employees and once out on bail, he would be able to easily influence them. Seeking bail for the Ruia group chairman, his counsel pleaded that he has been in custody for over 110 days despite having no role in the offence.

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Ruia was neither the chairman nor the director or a shareholder of Jessop and Co Ltd, argued the defence counsel adding he was not even an occupier of any of the premises of the firm when the fire and alleged theft had taken place.
A fire had broken out at the Jessop factory premises in Dum Dum area of North 24 Parganas district on October 17, 2016.

The railway officials, on inspecting the premises after the fire, had discovered that materials worth Rs 50 crore supplied by it to Jessop and Co Ltd to manufacture railway coaches were missing. They had subsequently lodged a complaint with the police.

Ruia Group had taken over the ailing central PSU Jessop and Co, an engineering firm that manufactured railway coaches and road rollers, in 2003 during a disinvestment programme. Ruia was arrested from his Sundernagar residence in Delhi by the state CID on December 10, 2016.

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    ANIL ALWYN
    Apr 22, 2017 at 8:48 pm
    Dont trust this fraudster.p k ruia has been resigning from board often.This is his tactics as he can take all the money invested or loans from bank and escape.If he is thouroughly invistaged in 3rd degree then all his corrupt mind games wil come out.Thousands of employees r suffering and all their hard earned money is gulped by this fraud.Hope god punishes him in still worst stages.If he is let on bail then it shows our corrupt system of law.I only wish his full family gets wiped out like how he has done in all d rubber or tyre industries he ownes.shameless human being.He should b stonned publicalley.Ask any of his family members to visit falcon tyre If they have the guts or gravy left in them.Durga mata destroy this fraudster with ur imence power if u really existed.
    Reply
    1. S
      Subhojit Dutta
      Apr 20, 2017 at 12:16 pm
      Mr. Soumitra Ghose, Director of Jessop and a loyal executive of Mr Ruia is a confidante in all his criminal activities. People affected and in the know how must file complaints seeking an investigation. He is laden with information wrt to all unlawful financial legerdemain practised by the Group in these two establishments (Dunlop and Jessop).
      Reply
      1. Partha Roy
        Apr 20, 2017 at 10:22 am
        He is a chor No.1. Sadly, the Bjp Govt helped him aquire Jessops for a meagre 22 Crores. That money was too small for a factory whose prime land was valued over 5000 Croes at that time. Ruia made his money from export subsidies by exporting just nothing to Bangladesh. Only his trucks went and came back and in the process garnered 1500 crores. A proper investigation of this man would reveal a story of deceitful and morally void activities who harmed the nation only to make himself rich.
        Reply

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