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| Royal Palms’ owner denied bail, arrested | | | Early Times Report
Jammu, Apr 07 (JNF): Accused of defrauding investors, Royal Palms’ owner Amarnath Choudhary was today denied bail by the city court which sent him to crime branch (CB) custody for 11 days.
Earlier, second additional sessions judge, Jammu, had on April 1 last rejected the pre-arrest bail of Amarnath Choudhary and his wife Mohini Devi who are accused of tricking and defrauding people by not giving them possession of properties at Royal Palms here.
After remaining underground for six days, Amarnath appeared before the city court today along with a team of lawyers to avail surrender bail, but the court did not provide him any relief and sent him to CB custody for 11 days.
The court clearly stated that the dispute was not between two individuals, but more than 200 persons were involved in the matter and their hard earned money was put at stake due to the dispute between Amarnath and the builder for which they could not be made to suffer.
The investigation of the case was yet in its initial stage and CB was still collecting evidence in the case and had not yet come to logical conclusion and in such eventuality, there was every chance of tampering with the prosecution evidence and witnesses of the prosecution could also be approached which could thwart the course of investigation and which would not suit the interest of justice.
With these observations, the court rejected his bail application.
Amarnath and his wife Mohini Devi have been booked by CB for commission of offences punishable under sections 420, 406 and 120-B of RPC with the allegations that they and their son Radhey Shyam Chowdhary entered into a joint venture with M/s Ridhi Sidhi Infra Projects Pvt Ltd for the construction of a multiplex on a piece of land owned by them.
As per the terms of agreement, M/s Ridhi Sidhi Infra Projects Pvt Ltd was to raise the project and the profit had to be shared by both the parties. The petitioners were under obligation to transfer the space in the multiplex by way of sale deeds in favour of investors. It is alleged that the petitioners, in order to cheat the investors and the partner, backtracked from discharging their obligation.
On the basis of a preliminary inquiry, CB had registered a case against them.
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