A Division bench of the Bombay High Court at Goa comprising of Justice F.M.Reis and Justice Nutan Sardessai today directed the Goa Government to handover to the Central Bureau of Investigation (CBI) the investigation of the multi crore scam involving Margao based Kamakshi Forex owned by Nilesh Raikar. The High Court has also directed the CBI to file a status report of the probe every four months.
The High Court earlier this month expressed its strong displeasure over the very lax probe by the Economic Offences Cell (EOC) of the Goa Police which has been investigating the scam.
Seeking a CBI investigation into this mega multi crore scam, Adv. Aires Rodrigues and Adv. Arun Braz de Sa representing some of the duped investors have pointed out to the Court that the Goa Police was hand in gloves with the politically very influential Nilesh Raikar who had duped over 800 investors to a tune of a whopping over 55 crores.
Pointing out that every crime had to be investigated strictly in accordance with law and in the same zeal, Adv. Aires Rodrigues has submitted to the Court that the Goa Police which had recently gone overboard in probing certain other cases involving a couple of crores was intentionally dragging its feet while conducting only a superficial probe into this over 55 crore scam by Nilesh Raikar and had not even cared to probe where the accused Nilesh Raikar has diverted and parked those 55 crores.
The EOC last month after directions of the High Court registered 10 F.I.Rs against Nilesh Raikar, Nilima Raikar and. Rekha Raikar under Sections 406, 420, 421, 423 & 120-B of the Indian Penal Code for having committed offences of cheating and breach of trust.