SFIO arrests Chartered Accountant in Hyderabad for role during demonetisation

The SFIO officers conducted investigation into the affairs of the Nityank Infrapower & Multiventures Private Limited for its role during the demonetisation period and launched prosecution against the company and individuals before the Special Court VIII Addl. Metropolitan Sessions Judge, Hyderabad (Special Court). Despite issuance of summons, Shri Panchal failed to appear before the Special Court at Hyderabad. The arrest was made pursuant to a Non-Bailable Arrest Warrant issued by Special Court, Hyderabad, and he was produced before the Special Court at Hyderabad on September 13, 2023 and was remanded to Judicial Custody.

 

Press Release - https://www.pib.gov.in/PressReleasePage.aspx?PRID=1958396