Mumbai: 3 representatives of Edelweiss Group appear before police in Desai case

Three representatives of ECL Finance CompanyEdelweiss Group appeared before the Raigad police in Maharashtra on Tuesday as part of the inquiry into the alleged suicide of film art director Nitin Desai according to an official statementNitin Desai 57 known for his work in acclaimed Bollywood films such as Lagaan and Jodhaa Akbar was found hanging at his studio in Karjat Raigad district on August 2The police registered a criminal case on August 4 against five individuals including Edelweiss Group Chairman Rashesh Shah for allegedly abetting Nitin Desais suicideOn August 5 the Raigad police issued a notice to the ECL Finance CompanyEdelweiss Group MD requesting their personal appearance on TuesdayAs per the official report three representatives from the company appeared before the police at the Khalapur police station around 11 am and their statements were being recordedThe Raigad police have requested related documents and information related to the case The investigation officer in the case is collecting information from the advisor financial advisor and accountant of ND Studio the company set up by Nitin DesaiDesais company NDs Art World Pvt Ltd had defaulted on a Rs 252 crore loan repayment to creditors The Mumbai bench of the National Company Law Tribunal had initiated insolvency proceedings against the companyAlso readMumbai Strike by drivers of private operators hired by BEST enters 7th day 551 buses remain off roadsAn FIR was registered on August 4 under Indian Penal Code sections 306 abetment of suicide and 34 common intention at the Khalapur police station based on a complaint filed by Nitin Desais wife Neha Desai The FIR named several individuals including Edelweiss Chairman Rashesh Shah and company official Smit Shah Edelweiss ARC in a statement denied putting any undue pressure on Desai for loan recoveryRaigad police investigating the alleged suicide of film art director Desai issued notice to ECL Finance CompanyEdelweiss Group MD seeking personal appearance on TuesdayA day before police registered a criminal case against five persons including Edelweiss Group chairman Rashesh Shah for alleged abetment of Desais suicidePolice have so far recorded statements of 15 witnesses the official said on SaturdayA notice has been issued to ECL Finance CompanyEdelweiss Group MD They have to remain present at Khalapur police station on August 8 with related information the PRO saidRaigad Police has sought related documents and information about the case Agencies