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Ketan, Hiten sold Harshad's missing shares: CBI

Stockbrokers Ketan Parekh and Hiten Dalal figure in CBI's list of persons who allegedly disposed of some of the shares held by Harshad Mehta group, claimed to be stolen or missing by the 'Big Bull'.

This was revealed on Friday in CBI's remand application filed before a special court which remanded Harshad Mehta and his brothers, Sudhir and Ashwin, to judicial custody till January 4 on the charge of illegally selling in the market shares, which had already been attached by the court receiver.

According to CBI, Sameer Jani and Manish Shah, who believed to have disposed of shares belonging to Harshad Mehta group, have been traced and questioned.

Their statements have also been recorded and steps taken to procure from police records showing their involvement in the crime.

On the basis of their statements, further steps were being taken to trace their conduits and also to track down the flow of funds received by way of selling 'missing' shares, CBI told the court.

CBI also submitted that some of the associates of Harshad Mehta group had been traced and questioned on the 'missing' shares.

They have indicated involvement of Harshad Mehta and his brothers for introducing 'missing' shares in the market for propping up shares of Jaiprakash Industries.

CBI revealed that it had collected details of 6,000 shares of ACC Ltd, claimed to be missing, which were sold by Ketan Parekh in the market. They were subsequently returned by the company without transferring as bad deliveries and later handed over to the custodian.

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