5 hours ago
Court rejects bizman's bail plea in 4cr trust misappropriation case
Mumbai: Sessions court rejected the bail plea of Shamsher Talwar, a businessman accused of misappropriating approximately Rs 3.5 crore from two trusts citing forged documents and his lack of cooperation with the ongoing investigations.
Talwar served as a trustee and secretary for both Sanatan Dharma Sabha Trust and Kolwada Sanatan Dharma Sabhas Education Society Trust. The trusts were granted a plot of land at Sion Koliwada, Antop Hill, by BMC for conducting school activities of Shri Sanatan Dharma Sabha. It is alleged that Talwar and his wife, also an accused, improperly developed a turf on the land without approval from the board of trustees and are accused of collecting Rs 3.5 crore from private users of the turf.
Talwar was arrested on May 22 by EOW. The prosecution submitted that a meeting of trustees, held on March 15, 2020, never occurred. The minutes of this meeting, which Talwar's defence used to argue that the turf proposal was approved, were allegedly forged.
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Four of the trustees were not members of the board of trustees in 2020; they were inducted in 2021. Other trustees who were listed, stated that no meeting was held and their signatures were falsified.
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