SFIO arrests Chartered Accountant in Hyderabad for role during demonetisation

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..... SFIO arrests Chartered Accountant in Hyderabad for role during demonetisation
News and Press Release
Dated:- 18-9-2023

Based on specific intelligence, officers of the Serious Fraud Inves .....

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..... tigation Office (SFIO), Ministry of Corporate Affairs, in collaboration with Commissioner of Police, Mumbai, arrested Shri Nalin Prabhat Panchal, a Chartered Accountant by profession on 13.9.2023, for .....

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..... failure to honour the summons issued in connection with the prosecution of Nityank Infrapower & Multiventures Private Limited. The SFIO officers conducted investigation into the affairs of the Nitya .....

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..... nk 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. Metropolita .....

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..... n 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 War .....

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..... rant issued by Special Court, Hyderabad, and he was produced before the Special Court at Hyderabad on 13.09.2023 and was remanded to Judicial Custody. **** NB/VM/KMN
News - Press release - PIB .....

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