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| D. S. Kulkarni |
26/1/2018
PUNE: The
Bombay high court on Thursday extended the interim protection to developer D S
Kulkarni and wife Hemanti till February 5 after an affidavit was furnished
confirming money transfer from a Singapore-based bank to the account of one of
his companies.
Kulkarni, popularly known as DSK, and his wife have jointly
moved an anticipatory bail plea in a case under the Maharashtra Protection of
Interest of Depositors (MPID) Act registered by the Pune police economic
offence's wing for allegedly cheating over 2,600 depositors. The HC has since
directed him to deposit Rs 50 crore with the court's registry to show his bona
fide.
On December 22, Kulkarni's lawyer had furnished two documents
relating to money transfer of $40 lakh each, initiated from a foreign bank to
one of the companies, of which DSK is a director. The total transaction of $80
lakh is equivalent to approximately Rs 51 crore. Justice Sadhana S Jadhav,
hearing the matter, had then adjourned the matter till Thursday.
The affidavit, filed on Thursday by a client with whom
Kulkarni had entered into a transaction, stated that OCBC Bank (in Singapore)
has confirmed via e-mail on January 24, 2018 details of the money transfer and
the amounts have been transferred from the foreign bank. The high court was
informed that since it is a foreign transaction, the process of Reserve Bank of
India (RBI) clearance would take three days for actual realisation of funds.
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