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Ketan Parekh's PC extended to May 23

A Mumbai court on Wednesday extended till May 23, the police custody of stock brokers Ketan Parekh, Kartik Parekh and director in their broking firm, Jatin Survai, in a case of alleged misappropriation of Rs 830 million from the Mauritius-based European Investment Ltd.

They had been arrested by the Economic Offences Wing of the Mumbai police on May 15 on the charges of cheating and was remanded by a metropolitan magistrate to police custody till May 22.

While passing the order, Additional Chief Metropolitan Magistrate A B Shelar, however, adjourned the hearing of the case till Thursday.

UNI

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