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Rediff News  All News  » Business » Industrialist Srivastava gets PCR till May 21

Industrialist Srivastava gets PCR till May 21

Last updated on: May 16, 2005 15:57 IST

Industrialist and art dealer Guru Swarup Shrivastava was today remanded to police custody till May 21 by a local court for allegedly forging documents.

Chairman and Managing Director of Swarup Group of Industries, Shrivastava, who is famous for his Rs 101 crore-deal with eminent painter M F Husain, was arrested on Friday by the Economic Offences Wing of the Mumbai police on a complaint filed by two city-based chartered accountants.

The duo had accused him of forging the balance sheet and profit and loss statements in order to obtain a loan and open an account with a private bank.

Shrivastava came into prominence after he signed the contract with Husain last year.

The EOW arrested G L Iyer, financial controller of the group, on May 10 in this connection.

Update: Guru Swarup Shrivastava has been discharged in the above-mentioned case vide order dated September 19, 2007 (applied and delivered on September 21, 2007) in the matter of CR No 47 of 2005 and CR No 59 of 2005 passed by the honourable chief metropolitan magistrate, 19th court, at Esplanade, Mumbai.


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