Ashok Bahirwani's Updates. 24/08/2011
Good Evening Speakasians,
Hello Friends,
Today has been a day of mixed responses but summed up i would say a step ahead in the positive direction.
The day started with the hearing of the PIL which is now being heard along with the earlier criminal PIL filed against the Govt. of Maharashtra that had accused SAOL as being on the verge of committing fraud on lakhs of innocent investors in what they preferred to call a net based fraud.
Without Prejudice i attempt to reduce in writing what i understood from the proceedings, I understood that the Hon. Judges clearly said that they are not at all suggesting or wanting the EOW to investigate SAOL individually, infact the court is interested to understand the preparedness of the agency to counter any attempt to defraud the gullible indian investor in any sort of cyber fraud.
The court wanted to understand in detail the procedure to file complaints with the EOW and the systems in place with the EOW like cyber forensics to investigate and to prevent any sort of cyber economic crime.
The court was clear and prounced in the court their main concern was to safe guard the interest of small and marginal investors.
The Associations Advocate Mr. Ahmad Abdi prayed before the Hon. Court for immediate ad interim releif by way that the over Rs. 130 crores seized by the Authorities be deposited with the Hon Court to be held by the court till the same could be disbursed amongst the panelists.
The Company's Advocate Mr. Abaad Ponda requested the Hon. Court that an opportunity be given to the company to defend itself before being termed scamsters.
He even pointed out to the court that how the EOW was misusing the observation made by the Hon. Ladyship, when she had simply made a prima facie observation in the matter, as if it was an order and placed it before various judicial forums while opposing the bail application of the accused (SAOL officials and others).
The advocates of the company urged the Hon. Court to comment that the police investigate the matter independently without taking into account the Hon. Courts observations as earlier passed. The Hon. Court was pleased to make the following observation: : "The police should investigate the matter independently".
This is not an ad verbatim recording of the obeservation but is close to it in letter and spirit.
After hearing all concerned the court was pleased to instruct the Govt. Of Maharashtra to reply to the post in the next two weeks, and the matter is now posted after two weeks.
We then rushed to to the Thane court where the Bail Application was preponed from tommorow to today.
The Magistrate heard the bail applictaion, but reserved her order till tommorow as the Investigating Officer of the EOW Bhayander was not available today.
The matter is now posted for tommorow for orders.
We hope and pray that all will be well tomorrow.
My Assessment:
In legal tussels like this matters move painstanigily slowly. As i see things are moving in the right direction and once again my trust on the Indian judiciary is ********.
As i see it we will start hearing things in our favour, and within a week from today we will hear news in our favour.
Have faith in the company. have trust in your associations.
Proud Speakasian
Jai Speakasia.
Ashok Bahirwani
Secretary
AISPA
Ps. Today the post has got delayed inspite of my reaching home early is the fact that i get numerous calls asking for updates and keeping me away from doing actual work.
once gain thru this forum i request all my speakasian friends pl call me only if you want to add value by giving suggestion or advice for this movement.
