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Gawli will appear in court tomorrow

Mumbai, Mar 11 (UNI) The don-turned-politician Arun Gawli is likely to appear before the court tomorrow to hear on cancellation of his bail plea filed by Economic Offences Wing (EOW) department of the city police for his alleged involvement in a misappropriation case.

Earlier, Additional Sessions Judge P D Vishwasrao had directed Gawli to appear before the court on March 12 for hearing on the petition.

The EOW arrested Gawli a few months ago for allegedly misappropriating funds of the employees union affiliated to his party, the Akhil Bharatiya Sena. Gawli had allegedly deposited a sum of Rs 85 lakh, that belonged to the union and was supposed to be distributed among the members, in the account of a chartiable Trust run by him.

Following his arrest, Gawli was produced before a Metropolitan magistrate, but was released on bail immediately. The court then, however, had directed him to ensure that the amount was disbursed among the members.

The prosecution, while arguing against the bail, had contended that Gawli could not be granted immediate bail as the investigation agency should be provided adequate time to investigate the matter.

UNI

Pratibha Ind to raise Rs 200cr

New Delhi, Feb 25 (UNI) Pratibha Industries Ltd, engaged in infrastructure business with key focus on water segment, will raise funds worth Rs 200 crore. The Board of Directors of the firm have approved the fund raising scheme by way of Qualified Institutional Placement or any other suitable way. The company said it has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies. Last week, it secured a Rs.....

Sanwaria Agro to buy 2 solvent extraction units in MP

New Delhi, Feb 25 (UNI) Sanwaria Agro Oils Ltd (SAOL), country's leading soyabean processors and refined oil maker, plans to acquire two solvent extraction plants in Madhya Pradesh. It is also in the process of entering into an agreement with an overseas company for marketing its branded and non-branded products in that country. ''The market for refined soyabean oil in India is estimated to be worth Rs 7,500 crore. These acquisitions at a cost of Rs 15 crore and further proposed.....

Police officer arrested on rape charge

Kishanganj, Mar 11 (UNI) In a startling development, controversial and suspended Officer-in-charge (OC) of Dighalbank police station Faiyaz Alam was arrested on the charges of alleged rape and bribery after he was badly mauled and thrashed by an irate mob. According to police sources, the OC, who was found closeted with a 23-year old divorcee in a house at Faldawal village under Dighalbank police station, was accosted by irate villagers. He was allegedly man-handled and severely beaten up by the mob.....
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