Updated On: 14 September, 2023 06:56 AM IST | Mumbai | Anurag Kamble
Sources tell mid-day suspects are not found at their homes and their phones are switched off; legal experts worried that most electronic evidence could have already been destroyed

Art director Nitin Desai at ND Studios. File pic/Nimesh Dave
Forty days after the registration of an FIR against the staffers of Edelweiss ARC for abetting the suicide of renowned art director Nitin Desai, no arrests have been made. According to highly placed sources in Raigad police, the suspects are not at their residences and their phones are switched off. The accused have approached the high court to quash the FIR but as of now, no interim relief has been given to them. Legal experts said further delay will weaken the case.
Desai, 58, allegedly committed suicide by hanging inside his ND Studios, Karjat on August 2. After the body was found, Neha Desai, his wife, gave a complaint to the Raigad police that officials of Edelweiss ARC (Asset Reconstruction Company) had been harassing the art director over a loan of Rs 181 crore which led to his death. Based on the complaint a FIR was filed by the Khalapur police against five Edelweiss officers—CEO R K Bansal, Chairman Rashesh Shah, Smit Shah, Keyoor Mehta and interim resolution professional Jitendra Kothari.